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.
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...
It is expected that the Egyptian pound will fall between an area of the two, and thus the formation of five historical waves will be completed, and then an occasional period will begin, and then three waves will be corrected for all the rise that occurred.
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 )
According 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...
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...
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 .
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
Hello Friends,,
The United States Dollar looks very strong against the Egyptian Pound.
We are so close to the Historical High (19.80 EGP), This will act as a resistance.
Once this resistance penetrated, The Turkish lira crisis will be so possible.
There are a lot of differences between both countries' economics, So here we are talking about charts and numbers only.
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.
The price is retracing after a big downtrend or it could be reversing the trend but it's too soon to say
the targets are the major MOB levels which corresponds with Fibo:
1- 16.4500 which corresponds with .382 Fibo
2- "17" which corresponds with .681 Fibo
FX_IDC:USDEGP
Dollar has reached an important price where it is meeting an important demand zone. Anticipating a rebound from this level.
If the weekly downtrend line is to break next few weeks then we have gotten an important zone to mark for the future.
#AHMEDMESBAH
![USDEGP: #USDEGP [W1C] Will the US Dollar Rebound from Current Zone?!](https://s3.tradingview.com/n/NjyaFj7G_mid.png "#USDEGP [W1C] Will the US Dollar Rebound from Current Zone?!")
