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...
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.
According to my analysis to EGX30. I see that its about to collapse more than 60% and its targeting 6173.
My analysis depends on :
Supply and Demand
Fibonacci
Idea fails after making a new HIGH
NOT A FINANCIAL ADVICE
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
