| 4H | 1D | 1W | |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Buy | Neutral |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇘ | ⇘ | ⇒ |
The USD/ILS exchange rate has been trading downwards within a falling wedge pattern since the end of September.
From a theoretical perspective, it is likely that a breakout north could occur in the nearest future. In this case the currency pair could re-test the psychological level at 3.4800.
In the meantime, note that the exchange rate is pressured by the 55-, 100– and 200-period moving averages in the 3.4200 area. Thus, some downside potential could continue to prevail in the market.