- Bullish Gartley Forming on the daily chart USDILS - Oversold territory - Support at 3.35 - Resistance at 3.5
The pair will continue to move lower in the following days after it broke down from a major support line. The 31.7% contraction in the US economy for Q2 2020 weakens the US position as a mediator between the Jews and the Arabs. This month, Israel and the UAE announced that they will be neutralizing their diplomatic ties. This agreement could be a game-changer in...
The Israeli shekel looks to extend one of its best rallies in a while against the US dollars. Bearish investors are slowly but steadily driving the pair towards its support level. It’s believed that prices would hit their lowest ranges since June 2011, an impressive feat for the Israeli shekel. Looking at it, the shekel has successfully erased its losses against...
TITLE: USD/ILS REVERSAL LONG SET UP Asset : EXOTIC Type : BUY Limit Order Time Frame : MONTHLY Entry 1 $3.4278 Entry 2 $3.3930 Sl $3.3610 Tp.1 $3.4678 Tp.2 $3.4930 Tp.3 $3.56478 tp.4 $3.6890 tp.5 $4.000 MavRich •Why We believe that the majority have big dreams and goals,and if given the right opportunities mixed with inspiring ambition you can do amazing things,...
Despite the struggling Israeli economy, the shekel remains strong and determined against the US dollar. The pair is bound to hit its support in the first half of June. Bearish investors are brushing off the concerns about Israel’s economy and are focused on taking advantage of the broader weakness of the greenback. Although this week was full of concerning news...
The first 3.50 test triggered development from the Bank of Israel, it shows how quickly the zone can be protected and the tables are turned. Intervention is clear, smelling it a mile off here and makes the short-term opportunity towards the highs an attractive option. When the CB like Israels comes out to say that the currency has gone too far and they wont...
As Israel’s stock market continues to close higher, the odds will continue to favor bearish investors. The USD/ILS trading pair is mainly driven by the positivity in the Israeli market and the negativity in the United States economy. The Israeli shekel is bound to recover its major losses against the US dollar from earlier this year, maintaining its commendable...
The pair will break down from a key support line, sending the pair lower towards a downtrend support line. A demonstration happened in Israel despite the coronavirus outbreak. The rally calls for the incumbent prime minister, Benjamin Netanyahu, to resign. In recent months, the Israeli government came under pressure after Netanyahu failed to form a coalition...
After the Israeli shekel rebounded yesterday, bulls immediately stepped on their gas pedals to prevent the Israeli shekel from dragging the pair downwards again. Looking at it, the 50-day moving average is still below the 200-day moving average, suggesting that bulls haven’t actually prevailed yet. Although, it’s also worth noting that the two MAs are now close to...
The pair will break out from a “Falling Wedge” pattern resistance line, sending the pair higher towards a major resistance line. The US-Israel relationship is under pressure following the rise of Bernie Sanders, a Democratic 2020 US presidential candidate. Sanders, unlike other candidates, has been vocal about his concern on Israel and its leadership. He skipped...