US Dollar vs Israeli Shekel price edges higher as asset buying pressure builds

Traders Union
All News
Financial News
Us dollar/shekel rises 0.92% today

Highlights

USD/ILS trades with short- and medium-term bullish momentum, but remains below longer-term resistance, indicating sellers’ influence persists overall.
Current intraday dynamics favor buyers, with technical indicators signaling a strong upside bias and sustained momentum near session highs.
The pair is expected to trade between ₪2.9644 and ₪3.0296 over the next five sessions, with a 76% probability of upward continuation.

Anton Kharitonov, expert at Traders Union, sees the current USD/ILS rally as technically driven but warns of significant long-term resistance. He notes the absence of supportive news flows and highlights that the pair remains under the influence of longer-term sellers given its position below the MA-200. Kharitonov is cautious about overcommitting, as market momentum could reverse quickly if the price slips below key support at ₪2.9795. He believes buyers face structural headwinds and that the sharp intraday move risks exhaustion. "Unless we see a decisive breakout and sustained news catalysts, this advance may struggle to maintain pace," he says.

Viktoras Karapetjanc, expert at Traders Union, is encouraged by the strong technical structure and bullish momentum for USD/ILS. He emphasizes the robust buy signals and sees the pair maintaining upward bias despite lacking immediate news-driven catalysts. Karapetjanc expects further growth if resistance at ₪2.9996 clears, with the market structure favoring buyers. "Bullish structure remains intact — the current setup offers opportunity for further upside toward the top of the volatility band," he states.

Parshwa Turakhiya, analyst, observes that the USD/ILS pair is buoyed by strong short-term sentiment and technical signals. He points out that momentum could drive quick intraday setups, especially with buyers dominating above moving averages. Turakhiya remains neutral on direction, watching for a breakout or breakdown as volatility increases. "Short-term traders should track the volatility band closely for either a clean break above ₪2.9996 or dives toward support," he advises.

Near-term upside favored as momentum indicators confirm buyer strength

USD/ILS is trading above both the MA-20 at ₪2.9196 and MA-50 at ₪2.9148, signaling near- and medium-term bullish momentum, although it remains below the MA-200 at ₪3.0814, highlighting ongoing longer-term seller influence. The immediate resistance stands at ₪2.9996 and support at ₪2.9795. Momentum indicators are strong: the MACD and ADX register 'Buy' signals, RSI is at a bullish 62.35 but not yet overbought, and the CCI and BBP indicate buyers are in control. The Awesome Oscillator is positive, and intraday volatility is running at 0.67% with price action holding near the session high.

Earlier, analysts noted that USD/ILS was exhibiting firm bullish momentum, though caution was advised due to overbought signals and the potential for near-term consolidation. The current technical setup strengthens this outlook, with momentum favoring further gains, and traders should watch for a breakout above ₪2.9996 as the next catalyst for renewed upside.

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

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.