Selling pressure nudges US Dollar vs Israeli Shekel price lower in today's trading

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Us dollar/shekel slips 0.59% today

Highlights

USD/ILS remains firmly bearish, trading below short-, medium-, and long-term key moving averages amid sustained downward momentum.
Momentum signals including MACD, ADX, and oscillators indicate strong selling control and oversold market conditions.
Expected five-day range is ₪2.85–₪2.86, with further downside likely unless resistance at ₪2.9406 is decisively reclaimed.

Anton Kharitonov, expert at Traders Union, notes that USD/ILS remains under heavy technical pressure, trading below all major moving averages. He points to the dominance of sellers, as confirmed by negative momentum readings and the absence of any support from trend indicators. The analyst is critical of the lack of news drivers, stating that sentiment and flows are unlikely to shift without fresh catalysts. Kharitonov warns that oversold readings do not guarantee reversal under strong downward momentum. "There is little to suggest a turnaround is near, so further declines below ₪2.85 remain a credible risk."

Viktoras Karapetjanc, expert at Traders Union, sees opportunity in the current consolidation phase for USD/ILS. Despite recent losses, he believes this narrow corridor may offer setups for short-term traders if resistance at ₪2.9406 is tested. He argues that oversold technicals create potential for a bullish correction, even as overall structure is weak. "If momentum shifts, the market may reward quick tactical positioning above key levels."

Sholanke Dele, market strategist, remains wary given the absence of positive sentiment or catalyst news. He highlights persistent selling pressure and the market's struggle to maintain any upward movement. Dele doubts the probability of a meaningful rebound without an external driver. "Given the setup, I remain skeptical about USD/ILS finding support soon."

Sustained selling as technical momentum underpins downside

USD/ILS trades well below its 20-day, 50-day, and 200-day simple moving averages (₪2.9121, ₪2.9875, and ₪3.1228, respectively), confirming sustained downward pressure across short-, medium-, and long-term horizons. Ichimoku indicates the nearest dynamic resistance at the Kijun level of ₪2.9406, with no immediate sign of support from trend-based indicators. Momentum signals remain negative, with the MACD and Average Directional Index (ADX) both forecasting ongoing selling momentum. The Relative Strength Index (RSI), Stochastic RSI, and Commodity Channel Index (CCI) all indicate oversold conditions, while Bull/Bear Power (BBP) confirms sellers are in control. The Awesome Oscillator reinforces the prevailing downward trend. Daily movement shows the pair slipped 0.59% to ₪2.8626 after opening nearly flat, with the price now near the low of its session range and intraday volatility at 0.72%. The session shows clear selling pressure after the open, and intraday dynamics are consistent with the overall negative momentum signals.

Earlier, analysts noted that persistent shekel strength and bearish momentum were limiting recovery prospects for USD/ILS. The current analysis reinforces this outlook with continued negative signals across all technical indicators, making a decisive break below the ₪2.85 support level the key risk to monitor for renewed downside.

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

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