7640856 7/12/2017 5:16 PM, USD/ILS intraday: below its lower Bollinger band


3.5668 is our pivot point.


Our preference

: the downside prevails as long as 3.5668 is resistance.


Alternative scenario

: above 3.5668, look for 3.5774 and 3.5836.


Comment

: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the pair is trading under both its 20 and 50 MAs (respectively at 3.5642 and 3.5634). Finally, the USD/ILS is trading below its lower Bollinger band (standing at 3.5577).


Supports and resistances

:

3.5836 **

3.5774 *

3.5668 **

3.5626

3.5575 last

3.5432

3.5369 **

3.5306 *

3.5244 **