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...
EEII ,
On the weekly chart, the technical indication are positive for good uptrend.
Breaking the line of 1.10, next target is 1.39,
then 2.20, and more..
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.
EGX:KABO
The Stock ahs been performing super well since November.
After a bit of correction, a clear inverted Head and Shoulders should break easily the 2 EGP levels to at least 2.25 EGP first target.
EGX:EKHOA
Egyptian Kuwaiti Holding has reversed around 34 EGP to continue the uptrend again supported by Stochastic-RSI indicator and last day candle close above previous close.
Also we have clear inverted head and shoulders pattern.
Expected to go up to 38 EGP before the next correction.
Egypt 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...
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...
A negative Elliot wave scenario for EGX30 under 11000 may go down to 7800 as a first target then down to 6000 but above 11000 will cancel this scenario
Sell in May and go away
