USDILS seems to be standing just on a one year year trendline.
Ich glaube, that if this trendline was broken either above of its current level ( 3.165ish) oder it will continue at its downtrend
Israeli Shekel Outlook:
Technical Analysis point of view:
In my opinion and based on Fib. Retracement and trend, I believe the pair will start correcting up toward these targets:
T1: 3.23, if broken up then:
T2: 3.35, if broken up then,
T3: 3.46
however, the pair would ultimately the price will continue on its downtrend.
USDILS
Trend: Up; Higher Lows
Support Levels:
Fibonacci Retracement 61.8%
EMA 10
EMA 20
Horizontal
Diagonal
Signal:
*** Wait For A Bullish Price Action ***
*** Wait For Pin Bar, Engulfing Bar, or Inside Bar ***
My idea here was to expect the price to move higher further until the bottom of the daily range holds.
The price action followed my analysis exactly as I expected it to here. The price which was at the bottom of the range, respected it and bounced higher from this zone, delivering 200+ pips move so far!
Original Idea
USDILS we are bearish on the daily timeframe market has broke the uptrend with a strong impulse to the downside which has been followed by a correction to the 0.50 fib, now im expecting continuation to dowside and market to form a new lower low on the daily. We will be waiting on 4hr timeframe for market to break this counter trendline and form new bearish...
