USD/ILS - 1H - Technical analysis published on 08/24/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Neutral
Technical indicators
83%
0%
17%
My opinion
Bullish above 3.75841 ILS
My targets
3.78930 ILS (+0.01567)
3.81275 ILS (+0.03912)
My analysis
The strong short-term increase of USD/ILS should quickly allow the basic trend to become bullish. As long as the price remains above the support located at 3.75841 ILS, a purchase could be considered. The first bullish objective is located at 3.78930 ILS. The bullish momentum would be boosted by a break in this resistance. Buyers could then target the resistance located at 3.81275 ILS. If there is any crossing, the next objective would be the resistance at 4.04830 ILS. Caution, if there is a return under 3.75841 ILS, it should not be forgotten that the basic trend is not yet clear. Caution would then be required.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
4.1
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The USD/ILS rating is 3.77363 ILS. The price has increased by +0.51% since the last closing with the lowest point at 3.75151 ILS and the highest point at 3.77800 ILS. The deviation from the price is +0.59% for the low point and -0.12% for the high point.3.75151
3.77800
3.77363
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
The Central Volumes scanner notes the presence of abnormal volumes:
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of USD/ILS in 1H shows a neutral overall trend. This indecision could turn into a bullish trend due to the strong bullish signals currently being given by short-term moving averages. An assessment of moving averages reveals several bearish and bullish signals:
Bullish trend reversal : Moving Average 50
Type : Bullish
Timeframe : 1 hour
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
RSI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
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
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Bearish harami
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3.72443 | 3.73900 | 3.75841 | 3.77363 | 3.77511 | 3.78930 | 3.81275 |
| Change (%) | -1.30% | -0.92% | -0.40% | - | +0.04% | +0.42% | +1.04% |
| Change | -0.04920 | -0.03463 | -0.01522 | - | +0.00148 | +0.01567 | +0.03912 |
| Level | Intermediate | Major | Minor | - | Minor | Major | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.70699 | 3.73052 | 3.74248 | 3.76601 | 3.77797 | 3.80150 | 3.81346 |
| Camarilla | 3.74469 | 3.74794 | 3.75120 | 3.75445 | 3.75770 | 3.76096 | 3.76421 |
| Woodie | 3.70122 | 3.72763 | 3.73671 | 3.76312 | 3.77220 | 3.79861 | 3.80769 |
| Fibonacci | 3.73052 | 3.74407 | 3.75245 | 3.76601 | 3.77956 | 3.78794 | 3.80150 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.65742 | 3.68636 | 3.74192 | 3.77086 | 3.82642 | 3.85536 | 3.91092 |
| Camarilla | 3.77425 | 3.78200 | 3.78974 | 3.79749 | 3.80524 | 3.81298 | 3.82073 |
| Woodie | 3.67074 | 3.69302 | 3.75524 | 3.77752 | 3.83974 | 3.86202 | 3.92424 |
| Fibonacci | 3.68636 | 3.71864 | 3.73858 | 3.77086 | 3.80314 | 3.82308 | 3.85536 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.41350 | 3.48898 | 3.57810 | 3.65358 | 3.74270 | 3.81818 | 3.90730 |
| Camarilla | 3.62196 | 3.63704 | 3.65213 | 3.66722 | 3.68231 | 3.69740 | 3.71249 |
| Woodie | 3.42032 | 3.49239 | 3.58492 | 3.65699 | 3.74952 | 3.82159 | 3.91412 |
| Fibonacci | 3.48898 | 3.55186 | 3.59070 | 3.65358 | 3.71646 | 3.75530 | 3.81818 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 58.90 | |
| MACD (12,26,9): | -0.0008 | |
| Directional Movement: | 12.60242 | |
| AROON (14): | 35.71428 | |
| DEMA (21): | 3.76152 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.75616 | |
| Elder Ray (13): | 0.00809 | |
| Super Trend (3,10): | 3.75169 | |
| Zig ZAG (10): | 3.77202 | |
| VORTEX (21): | 1.0877 | |
| Stochastique (14,3,5): | 83.70 | |
| TEMA (21): | 3.76492 | |
| Williams %R (14): | -21.63 | |
| Chande Momentum Oscillator (20): | 0.01418 | |
| Repulse (5,40,3): | 0.2286 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0162 | |
| Courbe Coppock: | 0.39 |
| MA7: | 3.77697 | |
| MA20: | 3.72455 | |
| MA50: | 3.68198 | |
| MA100: | 3.66935 | |
| MAexp7: | 3.76716 | |
| MAexp20: | 3.76414 | |
| MAexp50: | 3.76977 | |
| MAexp100: | 3.77269 | |
| Price / MA7: | -0.09% | |
| Price / MA20: | +1.32% | |
| Price / MA50: | +2.49% | |
| Price / MA100: | +2.84% | |
| Price / MAexp7: | +0.17% | |
| Price / MAexp20: | +0.25% | |
| Price / MAexp50: | +0.10% | |
| Price / MAexp100: | +0.02% |
Quotes :
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Real time data
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Forex
News
The last news published on USD/ILS at the time of the generation of this analysis was 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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