USD/ILS - 1H - Technical analysis published on 03/05/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
50%
17%
33%
My opinion
Bullish above 3.58568 ILS
My targets
3.60545 ILS (+0.01173)
3.63180 ILS (+0.03808)
My analysis
USD/ILS is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 3.58568 ILS. The next resistance located at 3.60545 ILS is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 3.63180 ILS. After this resistance, buyers could then target 3.65413 ILS. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
6.4
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
USD/ILS rating 3.59372 ILS. The price registered an increase of +0.45% on the session and was traded between 3.56632 ILS and 3.59933 ILS over the period. The price is currently at +0.77% from its lowest and -0.16% from its highest.3.56632
3.59933
3.59372
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of USD/ILS indicates that the overall trend is strongly bullish. The signals given by the moving averages are 85.71% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish trend reversal : Moving Average 100
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators shows a slightly bullish signal.
The Central Indicators scanner found this result concerning these indicators:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish harami
Type : Bearish
Timeframe : 1 hour
Bearish harami cross
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3.54070 | 3.55520 | 3.58568 | 3.59372 | 3.60545 | 3.63180 | 3.65413 |
| Change (%) | -1.48% | -1.07% | -0.22% | - | +0.33% | +1.06% | +1.68% |
| Change | -0.05302 | -0.03852 | -0.00804 | - | +0.01173 | +0.03808 | +0.06041 |
| Level | Minor | Major | Minor | - | Intermediate | Major | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.50526 | 3.52298 | 3.55024 | 3.56796 | 3.59522 | 3.61294 | 3.64020 |
| Camarilla | 3.56513 | 3.56925 | 3.57338 | 3.57750 | 3.58162 | 3.58575 | 3.58987 |
| Woodie | 3.51003 | 3.52537 | 3.55501 | 3.57035 | 3.59999 | 3.61533 | 3.64497 |
| Fibonacci | 3.52298 | 3.54016 | 3.55078 | 3.56796 | 3.58514 | 3.59576 | 3.61294 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.41934 | 3.48570 | 3.52142 | 3.58778 | 3.62350 | 3.68986 | 3.72558 |
| Camarilla | 3.52908 | 3.53844 | 3.54779 | 3.55715 | 3.56651 | 3.57587 | 3.58522 |
| Woodie | 3.40403 | 3.47804 | 3.50611 | 3.58012 | 3.60819 | 3.68220 | 3.71027 |
| Fibonacci | 3.48570 | 3.52469 | 3.54878 | 3.58778 | 3.62677 | 3.65086 | 3.68986 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.36333 | 3.45770 | 3.51602 | 3.61039 | 3.66871 | 3.76308 | 3.82140 |
| Camarilla | 3.53236 | 3.54636 | 3.56035 | 3.57435 | 3.58835 | 3.60234 | 3.61634 |
| Woodie | 3.34532 | 3.44869 | 3.49801 | 3.60138 | 3.65070 | 3.75407 | 3.80339 |
| Fibonacci | 3.45770 | 3.51602 | 3.55206 | 3.61039 | 3.66871 | 3.70475 | 3.76308 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 62.71 | |
| MACD (12,26,9): | 0.0044 | |
| Directional Movement: | 5.53820 | |
| AROON (14): | 50.00000 | |
| DEMA (21): | 3.59350 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.59732 | |
| Elder Ray (13): | 0.00422 | |
| Super Trend (3,10): | 3.57720 | |
| Zig ZAG (10): | 3.59438 | |
| VORTEX (21): | 1.1357 | |
| Stochastique (14,3,5): | 73.06 | |
| TEMA (21): | 3.59410 | |
| Williams %R (14): | -24.89 | |
| Chande Momentum Oscillator (20): | 0.00478 | |
| Repulse (5,40,3): | 0.1880 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0206 | |
| Courbe Coppock: | 0.51 |
| MA7: | 3.59207 | |
| MA20: | 3.63169 | |
| MA50: | 3.66925 | |
| MA100: | 3.74378 | |
| MAexp7: | 3.59117 | |
| MAexp20: | 3.58733 | |
| MAexp50: | 3.58101 | |
| MAexp100: | 3.58446 | |
| Price / MA7: | +0.05% | |
| Price / MA20: | -1.05% | |
| Price / MA50: | -2.06% | |
| Price / MA100: | -4.01% | |
| Price / MAexp7: | +0.07% | |
| Price / MAexp20: | +0.18% | |
| Price / MAexp50: | +0.36% | |
| Price / MAexp100: | +0.26% |
Quotes :
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Real time data
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Forex
News
The latest news and videos published on USD/ILS at the time of the analysis were as follows:
USD/ILS Keeps RisingThis member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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