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
Technical analysis of a pair(usd/ils) We wait for the confirmation and retest candle, then enter into buying or selling..!
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I 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...
Analysis 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%...
The 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
If the price exceeds 3.56, the first target is between 3.61 -3.68 The second goal is 3.75
The price has reached the upper boundary of the channel, we are waiting for the lower boundary to be touched
Historical 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...
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.
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