Egyptian Pound seems to be stable till the end of 2024 then a potential fallout to be $0.01 which means a $1=100EGP by the first of the year 2025 , unless a US dollar funds could be pushed to the Egyptian economy from the gulf then the fallout for the Egyptian pound will be delayed and will sustain till Mar 2026 , another notice that the falling pivot points...
30-min chart, the stock is trading in a triangle and testing the support line S.30. We should see a rebound to the resistance line S.30 It is tight for a new entry - until we have a direction confirmation. Stop loss below 4.40 should be considered.
Banks and Economic analysts predict another upcoming devaluation for the EGP. I predict it will fall in value relative to USD by 14%, as the gold prices in Egypt are 14% higher than the global market.
Hello everybody USD/EGP reached to the top of the rising channel and now we will see if it will broke it or stop and return again to red levels ( maybe 25 is very close )
Perhaps the end of this year will be the end of the continuous ascent But we may find this area shown insanely multiplying after the exchange rate was liberalized FX_IDC:USDEGP
FX_IDC:USDEGP Dollar has reached an important price where it is meeting an important demand zone. Anticipating a rebound from this level. If the weekly downtrend line is to break next few weeks then we have gotten an important zone to mark for the future. #AHMEDMESBAH
One of my trend retracement strategies . Average win Rate 50 - 80%. Long 133.01 Stop Loss 130.42 Profit target 138