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!
ILSUSD trade ideas
USDILS Future outlook 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 Buy Idea Update!!!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