Egypt
EGX30 | BRICS RoadMapEgypt Joins the BRICS New Development Bank
the NDB finances infrastructure and sustainable development projects in areas such as energy, transportation, water, communications, and health.
"Since 2016, the Bank has invested in multiple projects, including US$7.2 billion in India alone," RT reported, recalling that Egypt expressed an interest in becoming an NDB member in July.
"BRICS is working to develop its own financial infrastructure, including a joint payment network, with some member states having already switched to trade in local currencies in order to reduce dependence on the U.S. dollar and euro," it added.
Currently, Egyptian President Al Sissi is in Saudi Arabia participating in the summit of Arab countries with China, the nation with the largest economy among the BRICS.
Egyptian Finance Minister Mohamed Maait affirmed his country's enthusiasm for enhancing cooperation with international development partners, especially in light of the "unprecedented development movement" he is witnessing in Cairo.
Previously, the Chinese Foreign Affairs Ministry has noted that Argentina, Algeria, Iran, Indonesia, Turkey and Saudi Arabia are also interested in joining the BRICS bloc.
PALM HILLS 4/27 TO 28/4 The last day of Thursday in the stock market. Please sell today, it will be blood red.
EGX:EGX30
it is in the bottle nick just lets make sure it passes the blue trend line and the target is the top of the channel
FAIT targets These are the target of the Faisal Islamic Bank
Its on its way the the top of the channel .. lets watch
AIFI.CA / EGYPT Technical Analysis 07/08/2021AIFI is working on a newly formed uptrend and formed a trending channel , it is seen clearly by consequent higher highs and also higher lows , trending AIFI is also seen by nice cross over by 7&14 EMA , this stock is working for a first target of 0.496 L.E
support level is 0.299 and first resistance level is at 0.346 then 0.39
Stop Loss level can be at 0.305
Have a nice trending AIFI
CXO/CargoX First of July ACI Mandatory in Egypt Update 2Hello,
CargoX ( KUCOIN:CXOBTC / KUCOIN:CXOETH ) is still right on track for the mandatory launch of the Egypt ACI System.
The candles have finally deviated from the blue arrow predictions.
This is an update from my last post on the 2nd of June:
Hello,
Even with recent price movements of Bitcoin and Ethereum , CargoX ( (CXOBTC*BTCUSDT+CXOETH*ETHUSDT)/2 ) has been able to keep the price stable / rising.
After some analysis I figured the best way to look at its price was via USD as the coin will be bought by business for a set price in dollars.
Egyptian government announcement about CargoX and ACI system: www (dot) nafeza (dot) gov (dot) eg/en/site/aci-details
The upcoming event, Lets look at some numbers:
Egypt has an yearly average container port throughput of approximately 6.5M TEU
Lets take the conservative estimation that import/export is about 50/50; However, this source leans to more import than export:
3.25M TEU Yearly; About every 1.45 TEU requires a Bill of Lading document which costs 15$ worth of CXO:
So about 2.275M BoL yearly with a total cost of: 34.125M dollar.
Currently the whitepaper of CargoX states a 70% burn rate: Thus 23.9M dollar worth of CXO burned every year. Every year. From Egypt alone.
With these estimates CargoX is looking to have a very bright future, together with those who are holding the token.
Please let me know your thoughts about the estimation.
Sources:
Yearly TEU Egypt: www (dot) ceicdata (dot) com/en/indicator/egypt/container-port-throughput
Import/Export: unctadstat (dot) unctad (dot) org /countryprofile/maritimeprofile/en-gb/818/index (dot) html
Price BoL: help (dot) cargox (dot) digital/en/user-manual/documents-and-pricing/pricing-policy/#pricing-example
Burn rate / Bluepaper: (Burn rate: cargox (dot) info/files/CargoX-Business-Overview-Technology-Bluepaper (dot) pdf )
comi | CIB | egyptCommercial International Bank | Egypt | Technical analysis
A symmetrical triangle is observed on the weekly chart.
Calls for further decline
Note that the pattern is inside the big megaphone pattern !!
The target of the symmetric triangle is 52,000
And the support of megaphone pattern @ 49,000-48,000
CXO/CargoX First of July Mandatory in EgyptHello,
Even with recent price movements of Bitcoin and Ethereum, CargoX ( (CXOBTC*BTCUSDT+CXOETH*ETHUSDT)/2 ) has been able to keep the price stable / rising.
After some analysis I figured the best way to look at its price was via USD as the coin will be bought by business for a set price in dollars.
Egyptian government announcement about CargoX and ACI system: www (dot) nafeza (dot) gov (dot) eg/en/site/aci-details
The upcoming event, Lets look at some numbers:
Egypt has an yearly average container port throughput of approximately 6.5M TEU
Lets take the conservative estimation that import/export is about 50/50; However, this source leans to more import than export:
3.25M TEU Yearly; About every 1.45 TEU requires a Bill of Lading document which costs 15$ worth of CXO:
So about 2.275M BoL yearly with a total cost of: 34.125M dollar.
Currently the whitepaper of CargoX states a 70% burn rate: Thus 23.9M dollar worth of CXO burned every year. Every year. From Egypt alone.
With these estimates CargoX is looking to have a very bright future, together with those who are holding the token.
Please let me know your thoughts about the estimation.
Sources:
Yearly TEU Egypt: www (dot) ceicdata (dot) com/en/indicator/egypt/container-port-throughput
Import/Export: unctadstat (dot) unctad (dot) org/countryprofile/maritimeprofile/en-gb/818/index (dot) html
Price BoL: help (dot) cargox (dot) digital/en/user-manual/documents-and-pricing/pricing-policy/#pricing-example
Burn rate / Bluepaper: (Burn rate: cargox (dot) info/files/CargoX-Business-Overview-Technology-Bluepaper (dot) pdf)
$EGX:RTVC LONGUndervalued stock (p/b < 1) start to accumulate seeks profit over 70%
The stock works in the construction of tourism related resorts, the business has recovering potential after COVID recovering
CIB harmonic pattern- Type 2 return correctionExpecting a type 2 return to the levels of 52 to setup for Type 2 target
Analysis of GBPNZD on H4 (04/08/2020)GBPNZD-H4
If the price manages to break the zone around 1.98158, we will go into an uptrend.
This is the most likely of our analysis because it is confirmed by the underlying trend and the MM at 50 which is below the market.
If the price breaks the zone around 1.96170, the market will go bearish.
Let's wait and see...
$EGX30 a threat to break the uptrend$EGX30 a threat to break the uptrend that was created 17 years ago.
EGX30 is the major index of Egypt stock exchange which showed uptrend from 2002
two major technical sign for downside Head and two shoulders
BEWARE ON STRONG RESISTANCE PULLBACK - ADIB - 30 MN - IDEAThank you for your likes and shares! Much appreciated!
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Abu Dhabi Islamic Bank sees a range forming after a long fall. Very little chance of rapid recovery.
ADIB have strong probability to come and test the red strong resistance line.
Beware on pullback down on that line.
If the market breaks the resistance, there is a strong probability of profitable long direction profitable trade.
Wait for the market to break its actual range before any entry and follow the trend after nice candlestick showing break of ADIB actual very narrow range.
SWDY Analysis (ELSWEDY ELECTRIC)To consider buying EGX:SWDY I think it would be important to have the market breaking above the black line and closing considerably above the 10 in an upcoming day (Above the green rectangle ) .It would very likely then to continue up to around the 12.5-13.5 area (first blue rectangle) with a potential to reach the 16-17 area at the second blue rectangle .
For the days to come it would be interesting to watch If EGX:SWDY is strong enough to remain above the green line and close above the red rectangle area .That might indicate a potential future break above the black line and the 10 mark which I think is important before considering to buy.
A significant close below the 7 would mean that it is likely to go down further to the 5.2-5.8 area.
A strong bullish trend break from 2016A strong bullish trend break from 2016
The stock is expected to decline to test the support of Area 41 and 37
CSAG to test the support of the region 6.5 to 6.1 andto test the support of the region
6.5 to 6.1 and
AJWA Resistances 2.1 , 2.9The stock is in a bullish wave on the weekly frame, and it is expected that the support will be tested in the areas of 1.478 and 1.356
It is an appropriate support area for purchase
Resistances 2.1 first goal
2.9 second goal
