USDILS trade ideas
The Israel’s stock market continues to close higherAs Israel’s stock market continues to close higher, the odds will continue to favor bearish investors. The USD/ILS trading pair is mainly driven by the positivity in the Israeli market and the negativity in the United States economy. The Israeli shekel is bound to recover its major losses against the US dollar from earlier this year, maintaining its commendable performance. However, it’s also feared that further appreciation from the Israeli shekel might prompt the country’s central bank to interfere. But despite those concerns, the pair remains on track to crash back to its support area. Moreover, experts from Israel warns that the outlook of the country and the economy is still vague thanks to the ongoing pandemic, with some experts saying that this dilemma is truly unique in history. However, bearish investors are hoping that the Israeli government has finally learned from previous economic hurdles like the 2008-2009 economic crisis.
MOVES TRADING: USDILS: NeutralThis pair has shown a shy sign for the UP MOVE, however, it is not yet breaking the blue line. I need to see another daily green candle on this pair to start buying it , otherwise, I am neutral for this pair taking into consideration that the TREND is still moving to the DOWNSIDE.
MOVES Trading is a new strategy benefiting from both UP & DOWN MOVES with the ability to determine TOPS and BOTTOMS for each MOVE depending on moving averages, trend and price action.
MOVES TRADING: USDILS: ShortLet price test the dotted or regular blue lines and short it one you see a proper price action. We do not have any reasons to long this pair for the time being.
MOVES Trading is a new strategy benefiting from both UP & DOWN MOVES with the ability to determine TOPS and BOTTOMS for each MOVE depending on moving averages, trend and price action.
USD/ZAR will continue to move higher in the following daysThe pair will continue to move higher in the following days and break out from its previous high. South Africa was able to flatten the curve of its coronavirus cases. However, the World Health Organization provided a grim outlook on the African region. The WHO said Africa might experience a rise of coronavirus cases up to 10 million in the next 6 months. Despite flattening the curve, the country hasn’t initiated mass testing which could trigger a second wave of coronavirus cases. The country’s economy could also deteriorate as major businesses suffer losses during the lockdown. Furthermore, it’s large exposure to the Chinese economy and the yuan could slow down the economy. The US, on the other hand, is countering the economic effect of COVID-19 through economic stimulus. The US government unveiled a $2 trillion package to aid the economy. Meanwhile, the Federal Reserve unveiled the largest stimulus in history at $2.3 trillion.
USD/ILS will break down from a key support lineThe pair will break down from a key support line, sending the pair lower towards a downtrend support line. A demonstration happened in Israel despite the coronavirus outbreak. The rally calls for the incumbent prime minister, Benjamin Netanyahu, to resign. In recent months, the Israeli government came under pressure after Netanyahu failed to form a coalition government. This led to the 2 major parties to agree on a term sharing agreement. Netanyahu will end his 11-year run as the country’s prime minister. Yesterday, April 20, Netanyahu and his rival, Speaker of the Knesset Benny Gantz, agreed to form a unity government. This will end Israel’s year-long political crisis. In other news, Israel has still one of the lowest coronavirus related deaths. Meanwhile, the US is nearing the 800,000 mark of coronavirus cases and 45,000 deaths. Unemployment in the country is also surging, which will lead to the US economy and the US dollar to fall.
MOVES TRADING: USDILS: ShortThis pair has formed a bottom and a recent top and shorting it to the prior bottom is a good idea. Let it move up slightly and short it once you see a price action. This trade and a short term trade and should be watched closely.
MOVES Trading is a new strategy benefiting from both UP & DOWN MOVES with the ability to determine TOPS and BOTTOMS for each MOVE depending on moving averages, trend and price action.
MOVES TRADING: USDILS: ShortLet price tests the purple and blue lines and short it once fails.
MOVES Trading is a new strategy benefiting from both UP & DOWN MOVES with the ability to determine TOPS and BOTTOMS for each MOVE depending on moving averages, trend and price action
The Israeli shekelAfter the Israeli shekel rebounded yesterday, bulls immediately stepped on their gas pedals to prevent the Israeli shekel from dragging the pair downwards again. Looking at it, the 50-day moving average is still below the 200-day moving average, suggesting that bulls haven’t actually prevailed yet. Although, it’s also worth noting that the two MAs are now close to intersecting wherein traders of the US dollar are hoping the 50-day MA rises above the 200-day MA. The announcement of the US Federal Reserve earlier this week, on Tuesday, set the tone for the greenback. According to reports, the Fed will reinstate a funding center or facility used during the financial crisis back in 2008. The facility will help to directly provide credit to businesses and houses that are in great need. And just recently, it was just reported that the Ban of Israel made a loan that is worth billions of shekels to support the country during this pandemic.
USD/ILS will break out from a “Falling Wedge” patternThe pair will break out from a “Falling Wedge” pattern resistance line, sending the pair higher towards a major resistance line. The US-Israel relationship is under pressure following the rise of Bernie Sanders, a Democratic 2020 US presidential candidate. Sanders, unlike other candidates, has been vocal about his concern on Israel and its leadership. He skipped the American Israel Public Committee (AIPAC) conference yesterday, March 02. The meeting coincides with Israel’s election for prime minister. In a span of 12 months, Israel voted three (3) times for one of the country’s top positions. This was amid the failure of the incumbent prime minister to form a coalition government. Benjamin Netanyahu has been Israel’s prime minister since 2009. He previously held the same position from 1996 to 1999, making him the longest serving PM in the country. He was the key for a strong US-Israel alliance.
USDILS has bullish Wolfe Wave patternPrice tried to breakout the line of pattern but couldn't. If a good breakout comes, price may start a bullish trend.
MOVES TRADING: USDILS: LongThis pair has tested the red trend line and failed to close above it last week. I expect that buyers will repeat their efforts to build more upward momentum and leave this bottom.
MOVES Trading is a new strategy benefiting from both UP & DOWN MOVES with the ability to determine TOPS and BOTTOMS for each MOVE depending on moving averages, trend and price action.
USD/ILS will continue to move lower in the following daysThe pair will continue to move lower in the following days toward its January 2018 low. Palestinian leader Mahmoud Abbas cut all its ties with the United States and Israel. This was after he rejected the peace plan presented by the two (2) countries. The conflict between the Arab and Jewish country started 53 years ago. This was after Israeli’s occupation of the West Bank, Gaza Strip, and the Golan Heights. On the peace plan was the agreement of Palestinian demilitarization. The continuous support of America to Israel, politically and economically, is an advantage for the Jews and the Israeli Shekel. In other news, the US is set to report its Consumer Price Index (CPI) report today, February 13. On the recent report, US CPI month-over-month (MoM) advanced 0.1%, below the forecast and previous record of 0.2%. The Consumer Price Index will determine the figures for inflation, which is important for monetary policies created by the Fed.
MOVES TRADING: USDILS: NeutralA rejection has been seen on Friday without forming a Higher High (doji candle). Accordingly, I cannot advise for a Long trade on this pair as both directions are possible, however, watching Monday's candle can tell us if this pair will continue to the downside or will start its UP MOVE.
MOVES Trading is a new strategy benefiting from both UP & DOWN MOVES with the ability to determine TOPS and BOTTOMS for each MOVE depending on moving averages, trend and price action.
MOVES TRADING: USDILS: ShortA new low is expected.
MOVES Trading is a new strategy benefiting from both UP & DOWN MOVES with the ability to determine TOPS and BOTTOMS for each MOVE depending on moving averages, trend and price action.
MOVES TRADING: USDILS: ShortThis pair is still falling under pressure with no signs for an upcoming UP MOVE.
MOVES Trading is a new strategy benefiting from both UP & DOWN MOVES with the ability to determine TOPS and BOTTOMS for each MOVE depending on moving averages, trend and price action.
MOVES TRADING: USDILS: ShortYou can sell this pair back to the prior bottom and watch for further downside moves.
MOVES Trading is a new strategy benefiting from both UP & DOWN MOVES with the ability to determine TOPS and BOTTOMS for each MOVE depending on moving averages, trend and price action.
