Will USD/ILS extend higher amid strong buyer support and flat momentum?

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US Dollar vs shekel gains 0.54% today

Highlights

USD/ILS trades above key short- and long-term moving averages, confirming buyers control the longer-term structure.
Momentum signals are mixed, with the MACD and Bull/Bear Power classifying momentum as strong buy but oscillators indicating a neutral stance.
USD/ILS is expected to trade between ₪3.0568 and ₪3.0957 over the next 2 to 3 days with a very high probability of an upward move.

Bullish bias persists as buy signals overcome neutral trend

On the technical front, USD/ILS is holding above the hourly MA-20 at ₪3.0648 and MA-50 at ₪3.0644, while staying significantly above the daily MA-200 at ₪3.0143. Immediate support is defined by the Ichimoku Kijun level at ₪3.061. Among momentum indicators, MACD signals strong buy momentum, but ADX shows a neutral trend strength. RSI is at 53.57 with a buy designation, while Stoch RSI and CCI both reflect neutral conditions. Bull/Bear Power is in strong buy territory, and the Awesome Oscillator continues to support underlying bullish sentiment in the current session.

Sideways consolidation expected amid high probability of upside

In the near term, USD/ILS is expected to trade between ₪3.0568 and ₪3.0957 over the next two to three sessions, reflecting a typical volatility band relative to current levels. The probability of an upward move is assessed as very high—over 80%—while the odds of a downside break are low, below 20%. The baseline outlook anticipates sideways consolidation within this range. Only a push above ₪3.0957 would signal a bullish extension, while a move below ₪3.061 could open the door to testing lower range support.

Viktoras Karapetjanc, expert at Traders Union, notes that USD/ILS is holding its gains above key moving averages and technical supports. He sees positive momentum supported by indicators, even in the absence of major news catalysts. The analyst believes that consolidation within the ₪3.0568 to ₪3.0957 range is likely in the short term, with an edge toward further upside. "With bullish signals present and strong technical support, I expect the USD/ILS to stay in its upper range, with the probability of a breakout to the upside remaining high," he says.

In a recent review, analysts observed that USD/ILS was exhibiting ongoing bullish momentum, supported by strong technical signals. The current analysis strengthens this outlook with fresh momentum readings, highlighting that a sustained move above ₪3.0957 remains the key upside risk to monitor.

Source of Data: USD Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.