Unfortunately, bad things are happening in the Middle East.
I expect further weakening of the Israeli shekel up to the level shown in the picture. It may even break through that level, it also depends on how the Israeli-Iranian conflict develops.
Overview:
Our comprehensive analysis on the ILSUSD pair over the 1-month frame indicates a significant corrective phase, following a notable rise from 24 to 32. The pair has undergone a WXY correction, with distinct characteristics in each wave, leading to a pivotal point in its trajectory.
Correction Breakdown:
Wave W: Developed in a regular flat form,...
Disclaimer: This post is made only as an analysis of this currency pair, with no intent to express any opinion or commentary on the ongoing conflict.
The Israeli Shekel has been the strongest performing currency in the world so far in 2024, even gaining against the US Dollar.
And this is happening even as Israel is a country facing enormous uncertainty and...
Hi guyz!
I am bullish again in USDILS.
My previous scenario was quite good. But I didn't expect such a bull run to be caused by a tragedy and massacre. I am very sad about what happened to Israel.
Now I see a possible uptrend will continue in the next years. I think this will also be connected with destabilization and possibility of new war. You should always...
A monitoring idea for a call on the dollar
The Bank of Israel has started to lower its rates, despite everything the shekel has recovered against the greenback, it is quite bearish but there could be a support zone and it will depend on future macro events. In January when the rate cut took place the dollar increased to around 3.80 shekel per dollar but we must...
The chat shows that PEPPERSTONE:USDILS USDILS couldn't break the resistance at $4.08 area, resulted in a ~12% dump.
PEPPERSTONE:USDILS USDILS holds a big support (see white trendline), at January 02nd it touched the support and pumped.
In my opinion PEPPERSTONE:USDILS USDILS will continue an uptrend until meeting the resistance area again, which also...
Shekel drops to 4 against the dollar, in first since 2015.
Currency’s weakness comes as conflict rages, even after Bank of Israel announced plan to intervene in the foreign exchange market to try and contain sharp shekel FOREXCOM:USDILS moves.
The exchange rate of the New Israeli Shekel on Monday crossed the threshold of NIS 4 per dollar, the local currency’s...
USD/ILS may stage further attempts to test the January 2016 high (3.9888) as the Relative Strength Index (RSI) flirts with overbought territory.
USD/ILS Outlook
USD/ILS breaks out of the range bound price action from earlier this month to register a fresh yearly high (3.9842), and the exchange rate may track the positive slope in the 50-Day SMA (3.7899) as...
Possible purchase opportunity in the Israeli Shekel.
I would expect to make a bear trap, and after a reversal confirmation, I would enter a long.
For now I think it's better to do nothing and just wait.
An 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 my view, we will have to wait a little until the end of the week....
The 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
We 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 (conservative).
Short entry
Stop loss
Conservative profit target
Aggressive...
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
