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...
Weekly chart, the GBP/USD pair has almost completed a chart pattern and the target is 1.61 (to be confirmed after crossing the resistance line 1.3)
Stop loss 1.25
Monthly long term target after crossing 1.45 is 1.91
Here 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...
Hello everybody
USD/EGP reached to the top of the rising channel and now we will see if it will broke it or stop and return again to red levels ( maybe 25 is very close )
Is it trend end it so much sensitive timing for egyptian pound to recover . Trend line so near to get broken and it will be a great move . I LOVE EGYPT .
From an economic model analysis, i expect the USDEGP to stay in an uptrend.
plus the Russian war effect on the Egyptian market, I don't expect the EGX30 will grow any soon plus I expect to see the USDEGP first resistance to be 19.25 within 1 year.
