Abuhiba82

Abuhiba82

After the thirtieth index reached the levels of 9500 points, affected by the successive crises of the repercussions of the Corona virus and the exit of hot money after the beginning of the Federal Reserve interest rate hike. The Egyptian stock market was suffering from severe frustration until the signs of breakthrough appeared from the first of October and...

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US Inflation Slows More Than Forecast, Gives Fed Downshift Room. CPI increased 7.7% in October from year ago, core up 6.3% Core prices eased as used cars, medical care and apparel fell. after, The Federal Reserve, in a well-telegraphed move, raised its short-term borrowing rate by 0.75 percentage point to a target range of 3.75%-4%, the highest level since January 2008.

Abuhiba82 Updated 

EGX 70 move with up from 1645.903 with a quantum may push it soon to reach 2020.246 at Fibo 23 level then can get a slide move to prepare to get out the 2027.246 level targeting the 2196.037 level.

Abuhiba82

EURUSD may get a push from the lower of the channel to the upper of it as it consider now the main resistance and support level and if a break out take a place it will be a bullish chance for some old levels.

Abuhiba82 Updated 

EGX100 test two support level at 2614.774 and 2681.773 in the last 7 weeks but as seen the price rebound 2765.140 making a move towards retracement. we may reach 2944.187 as a first target then the 3156.352 after expected correction from Fibo 0.5. AS EGX will get soon some new IPO after the pressure of the interest rate hike of the CBE to control...

Abuhiba82 Updated 

EGX30 recovery begin, and will face a three retracement resistance at 9414.735, 9899.130, and 10297.455

Abuhiba82 Updated 

A resistance area but few points to rally out.....

Abuhiba82 Updated 

Not to used as a signal especially in that economic's perfect storm. applying a risk management strategy and a medium term trading range targets.........is a must.

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EGX30 success to breakout some Fibo retracement level in a short term correction. and breakout a downtrend at 9815.382 in the last session. by that moves a rally with some challenges can begin: A strong resistance at 10297.455 based on a retracement and a base level. may need to get support from the 9898.130 at Fibo 0.236 on the way to 11169.66 they will be some...

Abuhiba82

Still bearish.. a resistance and a pressure out of quantum.

Abuhiba82

After gaining some quantum due some fundamental, a MACD sign of upcoming sell pressure can come.

Abuhiba82

EGX get a push by some Egyptian investment for the second day in raw

Abuhiba82

EGX will get soon some new IPO after the pressure of the interest rate hike of the CBE to control inflation. The monthly core inflation, computed by the CBE, recorded 2.4% in April 2022, down from 3.1% in March 2022, and 0.7% in April 2021. Accordingly, the annual core inflation increased in April 2022, compared to 10.1% in March 2022. The current interest...

Abuhiba82 Updated 

but check momentum and RSI

Abuhiba82

SPX supported by supported Fibo Retracement at 3586.57 and a resistance level 3394.82 and supposed the levels will be respect.

Abuhiba82

Now, DXY on an ascending channel as seen on the weekly time frame with a rejection from the upper channel and a respect as we see the touch of 105.005 and the higher high in this week at 105.788 which are near to resistance points at 104.902 & 107.676 which can lead in losing momentum of ascending and begin a side range. Europe central banks begin interest...

Abuhiba82 Updated 

expected a long small target........ the rectangle formation can support the main value and push it up for while.

Abuhiba82 Updated 

small opportunity for a short range but the real big chances need some awaiting.