How to trade
USD/ILS

USDILS presents the relationship and the exchange rate between the United States Dollar, the world’s primary reserve currency, and the Israeli Shekel. This currency represents an economy known for its distinctive high-tech sector. Everybody willing to know how to trade USDILS must also pay attention to solid industrial sectors from Israel.

How to trade USDILS?

While trading USDILS, it’s essential to understand the economic conditions of both countries. U.S. economic indicators and Federal Reserve policies can affect the USD. On the other hand, the Shekel can be influenced by Israel’s technological sector performance and many other factors. It may be confusing, so for everybody who wants to train how to trade USDILS, the SimpleFX platform prepared a demo account, enabling novice and experienced investors to test strategies and economic trends affecting both currencies without financial risk.

After switching to a live account, investors can experience trading without minimum deposit and trade commissions. Moreover, the SimpleFX platform gives access to tools enabling conducting technical and fundamental analysis.

What is the best time to trade USDILS?

For the USDILS currency pair, traders can spot the highest liquidity, usually during the overlap of the European and North American sessions.

Moreover, there is a noticeable time window of enhanced liquidity when the London Stock Exchange and the New York Stock Exchange overlap. Excluding rare exceptions, this period stands between 1 PM and 5 PM GMT. Navigating this window, traders may experience increased market activity, but they must always stay alert to the volatility inherent in peak times.

Is The USDILS price going up or down?

Anticipating the precise movement of USDILS price is not possible because there are too many unpredictable factors influencing these fluctuations. Even so, investors must monitor macroeconomic data, global market trends, and regional political stability, especially when it comes to the Middle East, including Israel.

The unpredictability of the market means even well-researched decisions carry inherent risks, which drives investors to stay updated all the time.

Investors can check the current USDILS price on the chart above or the SimpleFX platform.

Is USDILS a popular currency pair?

USDILS is considered an exotic currency pair in the forex market. It tends to interest those traders who have specific knowledge of the Israeli economy or want to diversify their portfolio with exposure to the Middle East region.