looks like something could be setting up to the downside .
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The chart reveals that a good uptrend movement is going to happen, as of Adam and Eve Double Top pattern has been formed. In the past, we saw a huge decline from ₪3.56 peak to ₪3.40 bottom, then it been moving sideways until it made a little correction rise then been sideways run ending with another bottom, that formed Adam and Eve Double Top pattern. It is...
Comparison between the bullish channel of the chart and the bearish channel of the MACD indicator
shekel dollar analysis The chart is moving in an ascending price channel There seems to be an indication of overbuying in the areas of 3.50-3.55 Breaking the price channel and breaking the support (3.53-3.55) means a drop to the (3.35) level. 40% chance of going up 60% chance of landing God knows Note: The analysis is not considered financial advice
Bearish Divergence will lead the price to a downside wave
I expect the price to reach 3.55 the first goal then go to 3.75
USDILS.. Important levels & Trend lines In light of the continuous and repeated raising of US interest rates, we most likely expect an upward strength of the US dollar, and in turn, the stability of the USDILS pair above 3.40 levels will push it to achieve more gains, especially in light of the current Israeli conditions, and the news that talks about its...
Resistance must have an effect . I think we are on the verge of a correction as a natural result of the weekly resistance
Will the price bounce off the weekly resistance? As it happened with the daily resistance
For USDILS, wait for a pull back. Price retested trend line. So, now wait for a price action signal.
will history repeat itself and will see another wave touching the down trend line ?
I still believe USDILS will pullback soon from 3.21 to 3.1360
it is expected that the pair will test 3.1370 gain before it bounce again to a new resistant point. This time however, the new resistant point is 3.1860
possible phase Wycoff C with USD/ILS. Last downtrend looks like a test to Phase A. Answer yet to come :-)