EGP short in Jan2025Egyptian 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
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
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.
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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, wh
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.