The ILS=X is the Shekel vs Dollar ratio and it is very much dependent on the political and military status in the area. In this Rosh Hashana – New Jewish year, we can see the rise in tension amid the aggression acts from Lebanon and Iran.
As we can see, the blue line is capturing the rise of the ILS=X and the green line captured well both the rise and fall. But there seems to be yet another spike on Monday 7 Oct or Tuesday 8 Oct, which after the ILS=X is going to go downwards again.
This is not a trading advice.
