ICHIMOKUontheNILE

10:27

ICHIMOKUontheNILE

With the EGX30 index showing a promising 1.44% increase in EGP, it's a bit like the Egyptian national football team clinching a spot in the World Cup, driven by Mo Salah's dazzling offense and Shinawy's impenetrable goalkeeping, reminiscent of the mighty Aswan Dam. The difference between the EGX30's actual value in EGP (25,896) and its USD equivalent (25,528) is...

39:15

ICHIMOKUontheNILE

The Jungle Battle: Bulls vs. Bears in the EGX30 In the wild jungle of the EGX30, the bulls and bears are in a fierce fight for dominance. Today, the local institutions and local Egyptians were the main driving force behind the bearish market. Unfortunately, there are no certainties in this untamed market, only the struggle between the bulls and the bears. The...

24:52

ICHIMOKUontheNILE

Beneath the gaze of King Tut, the victorious pharaoh, the destiny of TMGH's stock unravels like an ancient prophecy. Currently priced at EGP 51.80, the stock finds itself ensnared in a downward trend, yet whispers of potential reversal echo through the markets. Much like Tutankhamun reclaiming his throne, TMGH teeters on the brink of resurgence. The 24-day and...

ICHIMOKUontheNILE

In the highly anticipated matchup between Barcelona and Real Madrid, akin to the recent market dynamics in EGX30, a notable shift in sentiment is witnessed. The sequence of three red candles reflecting a downtrend mirrors the tactical back-and-forth in the early stages of the game. The emergence of a green doji candle signifies a period of uncertainty and...

ICHIMOKUontheNILE

EGX30 Technical Analysis: The Tale of King Tut and the Building of the Pyramids I n the grand tapestry of the Egyptian markets, the current technical readings for the EGX30 are akin to the hieroglyphs etched in the ancient walls of King Tut’s tomb: • TRIX: Like the rising sun over the Nile, the TRIX indicator is ascending but remains below the zero line,...

18:26

ICHIMOKUontheNILE

KIMA's performance remains mediocre, struggling to gain traction at the 7.87 level. It's like Deportivo La Coruña during their relegation seasons. Despite having a talented player like Lucas Pérez, who showed great potential and skill, the team struggled significantly and faced relegation from La Liga. Pérez, while a strong individual performer, couldn't turn the...

16:02

ICHIMOKUontheNILE

EGAL is in the golden zone, aiming for the 61% Fibonacci retracement, mirroring the EGX70EW. A bullish TK cross could emerge next week. The mid-point of the Bollinger Band rests at the 50% Fibonacci, with the upper band at the 61%. The 50% Fibonacci level is the current hurdle, and volume is diminishing. We're poised for a rebound by Pippen, setting up a fast...

22:31

ICHIMOKUontheNILE

Chart Victory: Bulls Charge as Heikin Ashi Signals Potential TK Cross - A Win Like Mo Salah's Championship Goal! Despite a positive outlook being challenged by the Kumo at 3.77, PHDC is on the verge of a bullish TK cross. Buyers showed tremendous interest at 3.73, evidenced by enormous volume in the last 15 minutes before the auction, which culminated in a...

ICHIMOKUontheNILE

Today, the Heikin Ashi candle closed green at 26,146, while the traditional OHLC candlestick closed at 27,089. With yesterday's candle being red, we are on the brink of a bullish TK cross tomorrow. It's like winning the English Championship League, similar to Mo Salah scoring the decisive goal. HOOOOORRRAy!

ICHIMOKUontheNILE Updated 

In the last 9 days, the price has made a comeback to the trend line after playing outside it for 11 days, much like a footballer returning from a red card suspension. It's still dribbling below the red Kumo cloud, signaling a bearish trend, akin to a relegation battle. Today's Heikin Ashi bar is solid red with a long wick that's 1.5 times the size of the bar,...

21:01

ICHIMOKUontheNILE

In the last 9 days, the price has made a comeback to the trend line after playing outside it for 11 days, much like a footballer returning from a red card suspension. It's still dribbling below the red Kumo cloud, signaling a bearish trend, akin to a relegation battle. Today's Heikin Ashi bar is solid red with a long wick that's 1.5 times the size of the bar,...

ICHIMOKUontheNILE

When today's bar in the Heikin Ashi chart is below the Kumo, it typically indicates a bearish sentiment in the market. The Kumo, also known as the Ichimoku Cloud, is a key component of the Ichimoku Kinko Hyo indicator, which is used to gauge the direction of a trend and potential support or resistance levels. A bar below the Kumo suggests that the current price...

57:01

ICHIMOKUontheNILE

Navigating Trends: A Comprehensive Analysis of Market Indices for Enhanced Decision-Making The EGX30 is currently consolidating following a significant 9% uptrend, aligning back with the trend line. Although today's Heikin Ashi candlestick is red for the second consecutive day, it is shorter than the previous one following the 9% rally. The support at 26,950...

24:34

ICHIMOKUontheNILE

Technical Analysis Report: Advanced Trading Strategies Using Multiple Indicators Introduction: In this educational video, a comprehensive approach to technical analysis is presented, focusing on the identification of trend reversals and entry points in the market. The strategy incorporates a diverse set of indicators and concepts to enhance trading precision and...

23:36

ICHIMOKUontheNILE

echnical Analysis Report: Advanced Trading Strategies Using Multiple Indicators Introduction: In this educational video, a comprehensive approach to technical analysis is presented, focusing on the identification of trend reversals and entry points in the market. The strategy incorporates a diverse set of indicators and concepts to enhance trading precision and...

35:17

ICHIMOKUontheNILE

echnical Analysis Report: Advanced Trading Strategies Using Multiple Indicators Introduction: In this educational video, a comprehensive approach to technical analysis is presented, focusing on the identification of trend reversals and entry points in the market. The strategy incorporates a diverse set of indicators and concepts to enhance trading precision and...

18:32

ICHIMOKUontheNILE

Technical Analysis Report: Advanced Trading Strategies Using Multiple Indicators Introduction: In this educational video, a comprehensive approach to technical analysis is presented, focusing on the identification of trend reversals and entry points in the market. The strategy incorporates a diverse set of indicators and concepts to enhance trading precision and...

16:45

ICHIMOKUontheNILE

Technical Analysis Report: Advanced Trading Strategies Using Multiple Indicators Introduction: In this educational video, a comprehensive approach to technical analysis is presented, focusing on the identification of trend reversals and entry points in the market. The strategy incorporates a diverse set of indicators and concepts to enhance trading precision and...