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USDILS.. Important levels & Trend linesUSDILS.. 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 indirect intervention In the Russo-Ukrainian War. It is worth noting that these levels are for the weekly term, not for daily trading, so you can consider them as a guide for the long term. Do your research and apply proper risk management as nothing is guaranteed in forex trading. This is a high risk venture and past performance is not indicative of future results. Trade Responsibly!
Long
by Hump_Trader
Potential bottom and reversal for Euro vs Israeli ShekelThe shekel has been one of the strongest currencies throughout the pandemic while the central bank of Israel has tried numerous policies to lower its value. The strong currency is destroying the expensive technologies Israel sells abroad. At the crossroad between Africa, Asia and Europe Israel has seen its standing improve and countries across the board are improving their relations with the country. The country needs to provide these countries with the affordable exports they seek. I expect the central bank to finally succeed in putting an end to the rally. On the other hand, I expect the Euro to rally strongly against the US Dollar. This is why I think longing the Euro and Shorting the Shekel can prove to be one of the best FX trades available right now.
ELong
by Pablo_Fiasco
Speculative High-Return Idea - LONG "TEVA"I'm not gonna explain the fundamental data of the company for a long time, but I will say briefly that if you look at the dynamics of changes in the company's data, you can see a stable growth of the EPS indicators and a gradual moving towards a positive P&L. It is also indicative that with the huge fall of markets last week, the company did not “fly down” after the market. In the pharmaceutical sector, which itself is risky for investors, TEVA in recent months has shown good growth and the POTENTIAL for the long-term trend to transition from falling to rising. It has already broken up the resistance line lasting from the highest 2015 year point. However, the idea of ​​this post is no longer in long-term investment in this asset, but in speculative buying. The graph clearly shows the divergence of the asset price lows and its RSI and MACD indicators. According to Fibonacci, the stock adjusted to the desired level. Perhaps the fall to the level of 3703 Israeli Shekels and a rebound, or a rebound will be tomorrow. In any case, it is recommended to wait until the RSI fixes above 30 on the 1-hour chart, and then go into the idea. The way out of the idea is at least 4100 Shekels. Stop loss at your discretion, but 3650 is recommended. If you do not have access to the Israeli market, then do not be discouraged, paper is also listed in America under the same name TEVA P.S. It’s up to you to enter long-term or speculate, I recommend speculating only because I myself am a short-term speculator.
TASE:TEVALong
by Eminence-Grise
USD/ILS 1H Chart: New medium pattern takes overThe situation on the USD/ILS charts is initially hard to understand, as the already broken patterns are still drawn on the chart. Namely, the previously active ascending medium term pattern is still observable on the charts. However, one should concentrate on the new medium term descending pattern. In the borders of that pattern a junior channel up pattern has already guided the currency rate up to the resistance line of the medium term pattern. In regards to the near future, the pair is set to get squeezed in between the various hourly SMAs, lower trend line of the junior pattern and the resistance line of the medium term pattern. If the dominant pattern holds its ground, the squeeze should end in a break out to the downside.
by UnknownUnicorn890690
USD/ILS 4H Chart: Review after new heightsAfter the US Dollar reached new heights against the Israeli Shekel, most patterns could be observed as broken. That fact pushed for a larger review. It was discovered that the currency exchange rate is surging simultaneously in two ascending pattern. The dominant pattern has the form of an ascending wedge. Meanwhile, there exists a junior medium term ascending channel pattern. In regards to the future, the rate is likely going to reach the high level of the monthly PP near the 3.70 mark in July. However, note that there might be short term, smaller time frame resistance levels existing that might slow down the surge.
Long
by UnknownUnicorn890690
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