update on USD/ILSAn update the chart analysis have a high probabilty to go barrish trend but the primary analysis is more important the wednsday night the fed report will show up and from there the market trend will shown , Let us remember any sudden news inside Israel that may affect the direction of the market. In
U.S. Dollar / Israeli ShekelThe bullish channel was broken heading to test or local support in the short term at point 3.71?
This confirms the previous analysis, where I mentioned that the drop will be at 3.80
Note: This analysis is not considered financial advice. Do your own research before making a decision
U.S. Dollar / Israeli Shekelexpected movement
2- It is expected to touch the resistance area 3.80.
2- The drop to test the local support area 3.72
price behaviourIf the price follows the same price behavior pattern inside the rising wedge, the next target will be around 3.66
USDILS Butterfly patternWe have the Butterfly pattern
To trade a bearish Butterfly pattern, place your sell order at point D (the 127% Fibonacci extension of the X-A leg), position your stop loss just above the 161.8% extension of the X-A leg and place your profit target at either point A ( aggressive) or point B (conserva
preparing for a downside trend I think that the price is preparing for a downside trend for the following technical reasons
1 monthly resistance
2 bearish divergence on weekly chart
3 bearish divergence on daily chart
4 The rising wedge pattern
USDILS the Probability of Sharp Market DeclineBased on the available data, we can consider that the price has reached a point of completion according to the Elliott Wave theory, along with supply and demand analysis. Currently, we find ourselves in the fifth wave, which may end at any time.
It is important to note that there is a possibility o
USDILS The USDILS is trading in an upward direction, and I believe that at the end of the bullish wave, the price may reach 3.78 , 3.82 levels, and then the bearish wave formation begins.
Economic news in Israel mainly affects prices
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