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EGYPTIAN POUND / U.S. DOLLAR

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EGPUSD trade ideas

USDEGP AnalysisHere is an analysis of the USD/EGP exchange rate based on historical price data since the impulsive wave on November 2016. The price made a correction to 0.5 Fibonacci levels and then kept those levels as support for over five years. Since then, the price has been going up, forming an upside channel. The next short-term targets are 23.79 to 24 EGP per USD at the lower end of the upside channel based on the previous price behavior and wave's correction rate. If the price can't hold these levels, we will see a downtrend. However, if the price holds these levels, the up trend will likely continue, and we may see 45 EGP per USD by 2024.
Short
by gasser
5
New Expected Ranges for the USDEGPAccording to the new movements , adding to it the historical data and price action. we could see a new movements in the same direction between 32 and 38 for the USDEGP chart, at 2.618 fib retracement ratio. we could see a correction in near future at 21.5 USDEGP at the first and second quarters. we will face a new demand for the USD at the beginning of the second quarter , causing an new rally in chart near the shown area. this technique calculated using harmonic movements, Fibo retracement and historical price action movements, using support and resistance lines.
by Joseph_Rofael
USDEGP (( 3M ))The analysis is on the 3-month frame, meaning that the movement will be during 2023, 24, and the maximum limit is 25, and God is higher and more knowledgeable. The upward wave is completed at one of the two goals, as it is defined, and from it there will be an improvement for the Egyptian pound, which will be until the 23rd or the 18th with a lot of it, and it will continue its rise to the above goals, and its first goal will be 40, then 45, then 51, and it may be satisfied with the second as a maximum, and God is Most High and Knowing.
by alqusari_yahya
1