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AUDUSDSo this is audusd I love this trade and I am looking for a great outcome from this pair. Right now I am waiting for the price to break either the resistance zone or support zone, it is currently bullish so I am mainly looking for a buy My rules are as follows 1. Price breaks out of the cloud 2. Lagging span breaks cloud which signals a full-on reversal 3. Break of structure which is in a downtrend must break a LOWER LOW and on an uptrend, the price must break the HIGHER HIGH However this is a mid trend, the cloud is bullish so I am waiting for a break of structure I WILL UPDATE ON WHAT HAPPENED <3
by Ichimokuprincess
1
EGAL OUTLOOKWelcome to the daily analysis of EGAL, a key constituent of the EGX70 and EGX30 Sharia indices. This analysis provides insights into market movements and potential trading opportunities based on a comprehensive approach utilizing various technical indicators. The analysis is grounded in the following methods: Ichimoku Kinko Hyo: A versatile indicator providing a holistic view of support, resistance, momentum, and trend direction. Fibonacci Retracement: Used to identify potential reversal levels by measuring the key Fibonacci levels of recent price movements. Law of Diminishing Returns: Applied to assess the impact of additional investment or effort in the market, helping to determine optimal entry and exit points. TRIX (Triple Exponential Average): A momentum indicator that shows the rate of change of a triple exponentially smoothed moving average, aiding in identifying trend reversals. Trendlines: Essential for identifying support and resistance levels, as well as the overall direction of the market trend. TSI (True Strength Index): A momentum-based oscillator that helps to identify the strength of a trend and potential reversal points. Stay tuned for detailed insights and strategic recommendations based on today's market analysis. For more information, visit ECAP Outlook
EGX:EGAL
by ICHIMOKUontheNILE
ECAP OUTLOOKWelcome to the daily analysis of ECAP, a key constituent of the EGX70 & EGX33 Sharia indeces. This analysis provides insights into market movements and potential trading opportunities based on a comprehensive approach utilizing various technical indicators. The analysis is grounded in the following methods: Ichimoku Kinko Hyo: A versatile indicator providing a holistic view of support, resistance, momentum, and trend direction. Fibonacci Retracement: Used to identify potential reversal levels by measuring the key Fibonacci levels of recent price movements. Law of Diminishing Returns: Applied to assess the impact of additional investment or effort in the market, helping to determine optimal entry and exit points. TRIX (Triple Exponential Average): A momentum indicator that shows the rate of change of a triple exponentially smoothed moving average, aiding in identifying trend reversals. Trendlines: Essential for identifying support and resistance levels, as well as the overall direction of the market trend. TSI (True Strength Index): A momentum-based oscillator that helps to identify the strength of a trend and potential reversal points. Stay tuned for detailed insights and strategic recommendations based on today's market analysis.
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by ICHIMOKUontheNILE
EKHOA OUTLOOKWelcome to the daily analysis of EKHOA, a key constituent of the EGX30 index. This analysis provides insights into market movements and potential trading opportunities based on a comprehensive approach utilizing various technical indicators. The analysis is grounded in the following methods: Ichimoku Kinko Hyo: A versatile indicator providing a holistic view of support, resistance, momentum, and trend direction. Fibonacci Retracement: Used to identify potential reversal levels by measuring the key Fibonacci levels of recent price movements. Law of Diminishing Returns: Applied to assess the impact of additional investment or effort in the market, helping to determine optimal entry and exit points. TRIX (Triple Exponential Average): A momentum indicator that shows the rate of change of a triple exponentially smoothed moving average, aiding in identifying trend reversals. Trendlines: Essential for identifying support and resistance levels, as well as the overall direction of the market trend. TSI (True Strength Index): A momentum-based oscillator that helps to identify the strength of a trend and potential reversal points. Stay tuned for detailed insights and strategic recommendations based on today's market analysis.
EGX:EKHOA
by ICHIMOKUontheNILE
Comprehensive Technical Analysis and Outlook for KIMA StockThe KIMA stock chart presents a comprehensive technical analysis with several indicators and overlays. At the top, the Volume Price Trend (VPT) indicator highlights cumulative volume adjusted for price changes, reflecting significant buying and selling pressures through its peaks and troughs. The Efforts vs. Results indicator below demonstrates the relationship between volume and price movements, where oscillations and crossovers can signal potential reversals or trend continuations. The main price chart, which uses Heikin Ashi candles, shows a slight increase to 7.158 EGP (+0.42%). It includes a Moving Average (MA9) to identify short-term trends, and volume is shown at the bottom to gauge trading activity. The light line on the price chart represents the Tenkan-sen from the Ichimoku cloud, which provides insight into short-term momentum and trend direction. The chart also features Fibonacci retracement levels, marking significant support and resistance levels at 0.236, 0.382, 0.5, 0.618, and 0.786. These levels help identify potential areas where the price might reverse or consolidate. Trendlines indicate a persistent downward trend since late 2023, with lower highs confirming the bearish sentiment. For tomorrow’s outlook, the stock is at a critical juncture near the 7 EGP support level. If this level holds and the volume increases, we could see a potential reversal or bounce-back, especially if it breaks above the 7.5 EGP resistance level. However, if the stock falls below 7 EGP with increased selling volume, further declines could be expected, with the next support level likely around 6.5 EGP. For investors who bought at 8.5 EGP, the situation is more delicate. If the stock begins to recover and surpasses the 7.5 EGP mark, holding on might be beneficial. However, if the downward trend continues, it would be wise to set stop-loss orders to limit further losses. Monitoring the key Fibonacci levels, trendlines, and volume trends will be crucial for making informed decisions.
EGX:EGCH
by ICHIMOKUontheNILE
The Jungle Battle: Bulls vs. Bears in the EGX30The 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 winner in this battle will be determined by the liquidity flowing into the market. Liquidity is the lifeblood of this jungle. When a large number of investors bring new money into the market, the bulls charge forward, driving prices up. Conversely, when investors withdraw their funds, the bears take control, dragging prices down. For the EGX30, the current landscape shows significant support levels at 25,506, 25,421, and 25,343. These are the strongholds where the bulls may regroup and mount their defense. On the other hand, the resistance levels stand at 26,050, 26,264, and 26,234. These are the barriers the bulls must overcome to claim victory. Today's bearish performance, driven by local institutions and local Egyptians, underscores the importance of understanding the intricate dance of market forces. Our analysis integrates a comprehensive suite of technical tools, including Fibonacci retracements, linear regression, trendiness indicators, support and resistance levels, MACD, RSI, stochastic RSI, RVI, VPT, the Law of Diminishing Marginal Returns, ATR, Bollinger Bands, Elliott Waves, classical patterns like head & shoulders and falling/rising wedges, and finally, the bread & butter analysis done by Ichimoku Kinko Hyo. The candlesticks are represented by Heikin Ashi for a clearer view of market trends. The ongoing fight for liquidity and investor interest will be crucial. Without positive liquidity inflows and renewed interest from investors, the disappointing performance may persist. In this jungle, the battle continues, and the next moves of the bulls and bears will determine the market's direction. Stay vigilant and watch the flow of liquidity closely, for it is the key to understanding who will emerge victorious in the EGX30.
EGX:EGX30
by ICHIMOKUontheNILE
King Tut's Ascendancy: The Triumphant Tale of TMGHBeneath 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 18-day moving averages loom above as formidable barriers, casting bearish shadows over the short-term outlook. Yet, as the price flirts with the lower Bollinger Band, it suggests oversold conditions—ready for a regal rebound. The Ichimoku Cloud foretells a grim narrative with the price decidedly below its mists, signaling ongoing bearish sentiment. However, like the youthful king's surprise ascendancy, the RSI hints at an impending shift, currently entrenched in oversold territory below 30 and poised for a revolutionary upward correction. The MACD, while still echoing the murmurs of bearish momentum, shows signs of flattening—perhaps heralding a new dawn of consolidation or a reversal. In the immediate term, during the next trading hour, TMGH's price could stage a rally, targeting resistance levels between EGP 52.00 and EGP 52.50, potentially climbing towards EGP 53.00 if bullish sentiment gains strength. Tomorrow, as King Tut leads the charge, the stock might continue to battle bearish forces, with key support levels anchoring at EGP 51.00 and EGP 50.50. Yet, should the pharaoh's favor shine, a bullish reversal could see TMGH surging past immediate resistance to scale the heights of EGP 53.50 and beyond, striving towards EGP 54.00. Under the watchful eye of King Tut, TMGH could re-establish itself, echoing the triumphs of ancient Egypt.
EGX:TMGHLong
by ICHIMOKUontheNILE
Thorough Analysis of Tomorrow's Performance on the IndexIn 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, showing strong selling pressure as the price broke through the support at 26,947 before making a comeback, like a last-minute goal to save face. For the past three days, the price has been playing like a striker who just can't beat the goalkeeper at 27,620, confirming it as a rock-solid resistance point. Meanwhile, the Renko bars show a green bar, hinting at some positive momentum, much like a team scoring a consolation goal. However, the price is still playing in the relegation zone below the Kumo cloud, with the Chikou Span diving like a player exaggerating a foul, reinforcing the bearish sentiment. The Kijun Sen at 27,149 is flat, acting as a dependable defender and serving as a support level above the Senkou Span B at 26,817. The Tenkan Sen, with an upward angle of 31 degrees, is showing some attacking potential but still 2.27% below the Kijun Sen, indicating a potential short-term upward play within the overall bearish trend. Today's trading volume is on par with yesterday's, but it's painted red, showing more selling pressure, much like a referee brandishing cards in a heated match. It's above the 9-day moving average, suggesting the current movement has relatively high participation, and might be significant, just like a derby match with high stakes. The first green Renko bar after a series of red bars is a significant bullish signal, indicating a potential reversal in the prevailing bearish trend of the EGX30 index. This green bar suggests that the bearish momentum is weakening and buying interest is emerging, particularly around key support levels at 27,149 and 26,947. It highlights a shift in market sentiment from bearish to bullish, aligning with the upward angle of the Tenkan Sen. This signal is particularly important as it filters out minor price fluctuations and focuses on substantial price movements, providing clearer trend identification. Investors should consider this development in their strategies, while also staying mindful of geopolitical tensions that may impact market volatility. Thorough Analysis of Tomorrow's Performance on the Index Current Market Conditions: Trend Line and Price Movement: The price has recently reverted to the trend line after trading outside it for 11 days. Still trading below the red Kumo cloud indicates a bearish trend. Heikin Ashi Bar: Today's Heikin Ashi bar is solid red with a long wick, suggesting strong selling pressure followed by some buying interest. This long wick typically indicates indecision in the market or potential reversal. Support and Resistance Levels: Strong resistance at 27,620, as the price failed to break through this level for the past three days. Current support at 27,149 (Kijun Sen) and another at 26,947. Ichimoku Components: Trading below the Kumo cloud (bearish). Chikou Span is sharply declining, reinforcing the bearish sentiment. Flat Kijun Sen (27,149) acting as a support level. Upward-angled Tenkan Sen (31 degrees) but below Kijun Sen by 2.27%. Volume Analysis: Today's volume is similar to yesterday's but red, indicating more selling pressure. Volume above the 9-day moving average suggests significant market participation. Geopolitical Tension: Geopolitical tensions can increase market volatility and uncertainty. Investors often seek safe-haven assets during times of geopolitical stress, which can affect equity markets negatively. Prediction for Tomorrow’s Performance: Given the current indicators, the index may continue to experience downward pressure. Here are some potential scenarios: Bearish Continuation: The prevailing bearish trend below the Kumo cloud and the sharply declining Chikou Span suggest continued downward movement. Strong selling pressure indicated by today's red volume suggests that bearish sentiment may continue. Potential Reversal Signals: The long wick on today's Heikin Ashi bar indicates possible buying interest, which could signal a short-term reversal if supported by positive price action tomorrow. The Renko bar showing green suggests some positive momentum, though this is less reliable given the overall bearish indicators. Investment Strategies for Different Types of Investors: Conservative Investors: Sell Rally: Consider selling into any rallies, especially if the price approaches resistance at 27,620 without significant bullish confirmation. Stop Losses: Place tight stop losses above key resistance levels to limit potential losses. Diversification: Shift a portion of the portfolio to safe-haven assets like gold, bonds, or other low-risk investments to mitigate the risk from geopolitical tensions. Moderate Investors: Short Positions: Enter short positions if the price continues to trade below the Kumo cloud and the Chikou Span remains downward. Watch Key Levels: Monitor support at 27,149 and 26,947 for potential breaks. If these levels hold, consider short-term long positions with tight stop losses. Sector Rotation: Rotate into sectors less affected by geopolitical tensions, such as utilities or consumer staples. Aggressive Investors: Day Trading Opportunities: Exploit intraday volatility by taking advantage of sharp price movements. Look for quick profits in both long and short positions. Leveraged ETFs: Consider using leveraged ETFs to amplify gains but be cautious of increased risk. Technical Indicators: Rely on additional technical indicators such as MACD, RSI, and Bollinger Bands to confirm entry and exit points. Confluence Factors: Technical Analysis: Watch for confirmation from additional indicators like MACD crossing below the signal line, RSI showing oversold conditions, and Bollinger Bands indicating volatility changes. Geopolitical News: Stay updated on geopolitical developments as they can significantly impact market sentiment and price action. Economic Data Releases: Monitor upcoming economic data releases that may affect market sentiment, such as employment reports, GDP numbers, and central bank announcements. Conclusion: The appearance of the first green Renko bar after a series of red bars is a significant bullish signal, suggesting a potential reversal in the bearish trend of the EGX30 index. This green bar indicates weakening bearish momentum and emerging buying interest, particularly around key support levels at 27,149 and 26,947. It aligns with the upward angle of the Tenkan Sen, reinforcing the possibility of short-term upward movement. Investors should view this development as a potential shift in market sentiment from bearish to bullish. Conservative investors might wait for additional confirmation, while moderate and aggressive investors could begin considering long positions, keeping in mind the impact of geopolitical tensions on market volatility. This green Renko bar, combined with previous technical indicators, offers a clearer picture of the market's direction and helps in making more informed trading decisions
EGX:EGX30Short
by ICHIMOKUontheNILE