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ISRAELI SHEKEL / U.S. DOLLAR

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ILSUSD trade ideas

USDILS💡The analysis shown in the chart relates to technical analysis of the USD/ILS currency pair (US Dollar vs. Israeli Shekel) on the daily time frame (D1). It shows the support and resistance levels, in addition to the ascending channel within which the price is moving. Since the ascending channel has been broken, traders should take caution from long positions, and focus on resistance levels to monitor any possible bounce. The downtrend may continue in the near term, especially if the price stays below the pivot point (P.P) and the R.1 resistance. ⛔️Not investment advice, for educational purposes only.
by Adhamcurrency
Escalating Tensions Drive Shekel's WeaknessThe Israeli Shekel is under increasing pressure as geopolitical tensions in the region intensify. A combination of escalating conflicts and global economic uncertainties has led to a significant depreciation of the Shekel against the US Dollar. This analysis delves into the factors driving the currency pair and offers potential implications for traders. Key Points: Geopolitical Risk Premium: A detailed examination of the impact of regional conflicts on investor sentiment and capital flows. Fundamental Analysis: Assessment of key economic indicators such as interest rate differentials, inflation, and trade balance. Technical Analysis: Identification of key support and resistance levels, chart patterns, and potential trading strategies. Market Sentiment: Analysis of investor positioning and sentiment towards the USD/ILS pair.
Long
by signalmastermind
1
Shekel's Struggle: Anticipating a Break Below Historical SupportOverview: 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, indicating a standard corrective pattern. Wave X: Unfolded as a simple correction wave, resembling a regular flat in smaller time frames. Wave Y: Manifested as a simple correction wave, taking a zigzag form in smaller time frames. Recent Developments: After peaking at 32, the ILSUSD experienced a sharp decline, retesting historical support at the 24 level. This correction has adopted a zigzag pattern: Wave A: Displayed a clear five-wave impulse sequence in a smaller frame. Wave C: Currently underway, with wave 3 slightly breaking the historical support at 24, followed by a retracement to 27, completing wave 4. We are now poised to enter wave 5. Projected Movements: Wave 5: Anticipated to conclude around the 61.8% Fibonacci level, with a target price of approximately 23. This marks the completion of the first leg of a new correction phase. Long-Term Outlook: The completion of this correction phase suggests a more extended downtrend for the Israeli Shekel. Following the end of the second leg of this correction, we anticipate the ILS could fall below the 23 level in the coming years. Trading Strategy: Investors and traders should prepare for potential opportunities in the downward movement of the ILSUSD pair. Caution is advised around the 23 price level, as the market could exhibit increased volatility and potential reversal signals. Conclusion: This analysis presents a bearish outlook for the Israeli Shekel against the USD, underlining the importance of vigilant market monitoring and strategic positioning to capitalize on these movements. Disclaimer: This is not trading advice. Please conduct your own research and consult with financial experts before making any trading decisions.
Short
by ahmadsaad83
4
ILSUSD: Confirmation of Downtrend ReversalDisclaimer: 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 challenges on multiple fronts. Prior to the Hamas attacks on October 7, 2023, there was already political turmoil around Netanyahu's judicial reform. He faced accusations of corruption that divided the country and hampered functions of government. Protests filled the streets. There was repeated gridlock in electing a government, and there were negative social and economic impacts. Rightfully so, the Israeli Shekel was in a prolonged downtrend against the US Dollar for years. Since the attacks, Israel has entered a brutal war with enormous costs to civilian life, as well as Israel's global reputation, security and economy. So why has the Shekel rebounded so quickly after the attacks, broken out of a multi-year downtrend, and actually been the strongest performing currency in 2024 so far? Two reasons: 1) The Bank of Israel has stated an intention to maintain higher interest rates, while the US Federal Reserve has indicated an intention to lower rates in 2024. 2) Israel has been selling off foreign currency reserves in order to stabilize the Shekel. How long can Israel continue selling foreign currency reserves? I didn't find the answer, but if you know or have a way to find out, please comment. There may be other factors at play, such as covert assistance from the United States to boost the Shekel as part of financially supporting the conflict. We don't know for sure yet. Technically, the chart points to Shekel strength ahead. The downtrend has now been broken to the upside and confirmed a retest. It's riskier due to the conflict, but the Shekel actually looks like a good play right now.
Long
by funtimes
Go Down, Moses.. To Let My Shekel Go... 😕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 weakest level since 2015, with Israel in its 10th day of conflict with the Hamas terror group. Since the devastating massacre launched by Hamas on October 7 in Israel’s southern communities, in which more than 1,300 were killed, more than 4,000 injured, and some 200 kidnapped by terrorists, the shekel has dropped by about four percent against the US dollar. Investor uncertainty over the duration and scope of the conflict has been growing in recent days, with the Israel Defense Forces gearing up for a ground operation to smash the terrorist organization in the Gaza Strip. The currency’s weakness comes even as the Bank of Israel last week announced a plan to intervene in the foreign exchange market to try and moderate shekel volatility after the country formally declared a state of war. As part of the program, the central bank can sell up to $30 billion in foreign exchange to protect the shekel from collapse. It was also introduced to “provide necessary liquidity for the continued proper functioning of the markets,” the Bank of Israel said. Israel’s consumer price index (CPI), a measure of inflation that tracks the average cost of household goods, unexpectedly decelerated 0.1% in September, before Hamas’s unprecedented attack, figures by the statistics bureau. Following the lower-than-expected September print, economists and market participants have started to price in an interest rate cut by the Bank of Israel as early as at its next monetary policy meeting on October 23, or even earlier, should it be necessary. The September CPI index points to the fact that the economy was slowing even before the conflict broke out. Meanwhile technical graph for FOREXCOM:USDILS says, U.S. dollar is about to break out major multi year resistance against shekel, where 4 shekels is a key to watch at the end of Q4'23.
by Pandorra
1
USD/ILS Breaks Out to Push RSI Towards Overbought ZoneUSD/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 long as it holds above the monthly low (3.8046). At the same time, a move above 70 in the RSI is likely to be accompanied a further advance in USD/ILS like the price action from earlier this year, with a breach above the January 2016 high (3.9888) bringing the April 2015 high (4.0200) on the radar. Next area of interest comes in around the February 2015 high (4.0700), but failure to defend the monthly low (3.8046) may push USD/ILS back towards the 3.7940 (61.8% Fibonacci extension) area.
by FOREXcom
1
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 (conservative). Short entry Stop loss Conservative profit target Aggressive profit target summary In this lesson, you have learned that … ... the Butterfly is a reversal pattern that allows you to enter the market at extreme highs or lows. ... it is similar to the Gartley and Bat patterns but the final C-D leg makes a 127% extension of the initial X-A leg, rather than a retracement of it. ... to trade the Butterfly, enter the market with a long or short trade at point D of the pattern - the price should reverse direction here. ... place your stop loss just below (bullish trade) or above (bearish trade) the 161.8% Fibonacci extension of the X-A leg. ...for an aggressive profit target, place your take profit order at point A. ... for a more conservative profit target, place your take profit order at point B.
Short
by Abukhaledsay
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 of a sharp drop that could affect the overall direction of the price. In the best-case scenarios, the price may reach a level of 3.838. Therefore, it is advisable not to rush into buying and to exercise patience and avoid haste, as rushing can lead to losses. It is recommended to monitor upcoming market variables and carefully observe price developments.
Short
by Abukhaledsay
6