ILSUSD trade ideas
broken rising wedgeThe price retested the broken rising wedge and was unable to continue the bullish trend.
I expect the price to retest the support areas at 3.54 levels
If this level is broken, a head and shoulders pattern will be formed, which will make the price continue to fall to retest 3.36 levels as a target for the pattern.
USDILS is going to break 20years downtrend!!!Based on recent price action, it appears that USDILS may be primed for a bullish move. The USDILS chart has just closed its first monthly candle above a long-term downtrend trendline that has been in place for more than 20 years. This is a significant technical development that suggests a major shift in the currency pair's direction.
With this in mind, a potential trading idea would be to enter into a long position in USDILS at current levels, with a buy zone of 3.50-3.65. This range is based on previous support and resistance levels and should provide a good entry point for traders looking to capitalize on a potential breakout.
As for targets, the first level to watch for is 3.80. This level represents the next resistance zone that USDILS will need to overcome on its way higher. If the pair is able to break through this level, the next target to watch for is 4.15, which represents the previous swing high from 2018.
Of course, it's important to remember that trading always carries risk, and there are no guarantees in the markets. It's always wise to manage risk by using stop losses and other risk management strategies.
time to make profit on USDILShi every one
complete pullback to the trendline with 4% profit Potential
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U.S. Dollar / Israeli Shekelwelcome everybody
On the long time frame and in the final upward channel the chart is moving in a large upward channel
There seems to be a sign of overbought in the areas of 3.70-3.75
We have reached the ceiling of the price channel (3.75), and it seems that we are unable to breach this area
Therefore, the possibility of a decline will be stronger than an increase.
A large zigzag drop is expected over the higher time to the main support area (3.00).
30% chance of going up
70% chance of landing
God knows
Disclaimer: This analysis is not financial advice.
Win-win trading and good luck
USD/ILS SHORTE POSTION FOREXCOM:USDILS : The dollar will correction to viste the green line , this position to sell dollar now against the shekel after to visit 3.5 zone
#usdils cart analysisTechnical analysis of a pair(usd/ils)
We wait for the confirmation and retest candle, then enter into buying or selling..!
new expectation for USDILSI wanted to update you on my expectations for the USDILS over the next three months. Based on both technical and fundamental analysis, I believe that the recent high of 3.717 may be the peak for the year. After adjusting the trendline, I anticipate the rate to reach 3.565 by mid-April, with the possibility of a slight correction above this level or a direct breakdown.
If the rate does break down by the end of April or May, then the ultimate target would be 3.462 by the beginning of June. It's worth noting that this is expected to be the lowest point the rate will reach and could be a good buying opportunity or hedge.
This view is in line with the expectations of major international firms such as Goldman Sachs, JP Morgan, and Wells Fargo, who predict that the USDILS will be around 3.46 by May and possibly lower by August and December 2024, according to Reuters Polls.
Furthermore, while the market remains uncertain, many traders believe that banking stress will prevent the FED from hiking rates much further, which could support the above view. This outlook may become clearer after the FED's meeting later this week.
Regarding the ILS, there is still uncertainty around the political situation. However, recent economic updates show that job vacancies in Israel are continuing to decrease, and the Consumer Price Index (CPI) rose by 0.5% in February 2023. However, the outcome of judicial reforms remains uncertain
U.S. DOLLAR / ISRAELI SHEKELAnalysis of shekel dollars
The chart is moving in an ascending channel
There seems to be a sign of overbought in the areas of 3.50-3.69
We have reached the ceiling of the price channel (3.70), and it seems unable to breach this area
Therefore, the possibility of a decline will be stronger than the expected drop to the region (3.50).
30% chance of going up
70% chance of landing
God knows
Note: The analysis is not financial advice
See my previous successful analysis
Trend ChannelsThe price is trading inside the ascending channel and fell from its upper boundary
If the price continues to trade in the same way, we will target the lower border of the channel
trend analysisThe price has reached the upper boundary of the channel, we are waiting for the lower boundary to be touched
USDILS, A generalized overviewHistorical view:
USDILS has formed Three Rising Valleys , which is a bullish pattern reversal , but, a Falling Wedge that arose in the scene made that pattern invalid, so, the good news was that the Falling Wedge is also a bullish pattern reversal , and that time it didn't invalidate and the arising confirmed. after the rising that followed the Falling Wedge pattern, a Rectangle Top appeared on the scene, which is a bearish pattern reversal , the pattern was also valid and dropping confirmed, that what connects us to the scene of PRESENT.
Present view:
USDILS Has formed an Eve Bottom pattern, which is a bullish reversal , it is expected because of that, that the uptrend will continue.
NOTE: Always DYOR, stay cautious to place STOP LOSSes and trade your own personality
USDILS forming falling wedge(pennant)For more than 600 days(that's 2 years approx.), USDILS was on a huge downtrend, this is a very long time to be on the downside, so, after that we saw a little bottom that reversed the chart.
In terms of the present, it formed a pennant which makes us expect upside movements.
Disclaimer: always DYOW, stay cautious, and trade your own personality.
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USDILS making an upward recover moveThe 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 expected to ascend again to ₪3.5 areas at least, and maybe hit a big peak.
usdilsComparison between the bullish channel of the chart and the bearish channel of the MACD indicator
U.S. DOLLAR / ISRAELI SHEKELshekel 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
