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GBP/USD WEEKLY OVERVIEW

Pound Showed Its Strength against The Dollar On Monday Whereas On Wednesday Pound Rose Against the Dollar as Britain’s Wage Growth Data Came with Very Positive and Unexpected Results. On The Other Hand Unemployment Rate Were At 4.7 % Almost Up To 12% Year Low. Moreover Due To Fast Export Growth In Recent Years As Well As Strong Sales Growth In Service Sector British Pound Showed Its Strength. Hence Pound hit $ 1.2521 its Highest in Nine Days.

TECHNICAL STUDY USING LUTFI MAGNET THEORY (GBP/USD)
TIME
S3
S2
S1
MAGNET POINT
R1
R2
R3
WEEKLY
1.2068
1.2277
1.2397
1.2485
1.2606
1.2694
1.2902
GBP/USD
OPEN
HIGH
LOW
CLOSE
CHANGE
WEEKLY
1.23770
1.25733
1.23648
1.25174
1.1343
EUR/USD WEEKLY OVERVIEW

The Euro Dropped Lower Against The Dollar On Monday Due To Political Uncertainty On Forthcoming Presidential Election In France And Continuous Escalating Tension In Syria And North Korea. The Euro Was 0.1 % Lower At $ 1.0578moving Just Above Its Lowest Level In Month. The Euro Was 0.1 % Higher Against the Dollar @$1 .0602. The Dollar Index Against Six Major Currencies Was Of 0.25 % On Tuesday At 100.75. The Euro Failed 0.5 % To $ 1.0619 After Touching One Week High. On Thursday The Euro Rose 0.6 % Against The Dollar To A 6 Day High. However Trading Recorded The Volume Thin Because Of Holidays In United States And Europe In Connection With Good Friday.

TECHNICAL STUDY USING LUTFI MAGNET THEORY (EUR/USD)
TIME
S3
S2
S1
MAGNET POINT
R1
R2
R3
WEEKLY
1.0404
1.0512
1.0563
1.0620
1.0670
1.0727
1.0835
EUR/USD
OPEN
HIGH
LOW
CLOSE
CHANGE
WEEKLY
1.05874
1.06768
1.05691
1.06134
0.24
USD/JPY WEEKLY OVERVIEW

The Japanese Yen Surged Against The Dollar Despite Clouds Of Uncertainty Due To Forthcoming Presidential Election In France, And Geopolitical Escalated Tension In Syria And North Korea. On Tuesday Yen Gained More Than 1% Its Highest One Day Rise In 3 Months Against Dollar. The Dollar Fell More Than 1% Against The Yen And Was Last Trading At 109.67 Yen Its Lowest Nov 17, 2016. Whereas On Wednesday Dollar Drop to 108.93 Yen. It’s Lowest Since November 2016. On The Other Hand Japanese Exporters Expressed Their Distress Over Strong Yen As They Claim That Strong Yen Is Hazardous For Japanese Export And Usually Leaves Negative Impact On Japanese Stock Also.

TECHNICAL STUDY USING LUTFI MAGNET THEORY (USD/JPY)
TIME
S3
S2
S1
MAGNET POINT
R1
R2
R3
WEEKLY
103.9830
106.8370
107.8090
109.6910
110.6630
112.5450
115.3990
USD/JPY
OPEN
HIGH
LOW
CLOSE
CHANGE
WEEKLY
111.050
111.573
108.719
108.781
2.04

 

GOLD WEEKLY OVERVIEW

Gold Dipped Down On Monday Due To US President Donald Trump Policy Statement That Federal Reserve Should Keep Interest Rate Low Because Dollar Is Getting Stronger, Political Tension In Syria & North Korea And Forth Coming President Election In France Are The Main Factors Supporting Gold Prices. Spot Gold Was Down 0.2 % At Dollar 1251.55 An Ounce Whereas Gold Futures For June Were Down At Dollar 4.20 At Dollar 1253.10. Gold Dipped From An Earlier Five Months High On Thursday. Spot Gold Was Down 0.3 % At Dollar 1283.30an Ounce Whereas US Gold Futures For June Were Dollar 7.10 Higher At Dollar 1285.20.

TECHNICAL STUDY USING LUTFI MAGNET THEORY (GOLD)
TIME
S3
S2
S1
MAGNET POINT
R1
R2
R3
WEEKLY
1191.4257
1232.8467
1259.9833
1274.2667
1301.4033
1315.6867
1357.1067
USD/JPY
OPEN
HIGH
LOW
CLOSE
CHANGE
WEEKLY
1253.67
1288.55
1247.13
1287.12
2.6
OIL WEEKLY OVERVIEW

Oil Surged High at Dollar 56 a Barrel on Monday Due To Shut Down At Libya’s Largest Oil Field and Continued Escalated Crises in Syria and North Korea. On Monday Brent Crude Rose 74 Cent To Reached At Dollar 55.98. US Crude Was Up 84 Cent To Reached At Dollar 53.08. On Wednesday Brent Crude Futures Settled At Dollar 55.86 A Barrel After Hitting One Month High. However On Thursday Oil Prices Took Slide Changes And Recouped Earlier Loses.

TECHNICAL STUDY USING LUTFI MAGNET THEORY (Oil)
TIME
S3
S2
S1
MAGNET POINT
R1
R2
R3
WEEKLY
529867
54.3967
54.9933
55.8067
56.4033
57.2167
58.6267
USD/JPY
OPEN
HIGH
LOW
CLOSE
CHANGE
WEEKLY
55.37
56.62
55.21
55.59
0.39
ISMAR Financial – MUJEEB UR REHMAN KHAN – Director, Corporate Affairs

DISCLAIMER: This report has been prepared by ISMAR financial. The information and opinions contained herein have been compiled or arrived at based upon information obtained from sources believed to be reliable and in good faith. Such information has not been independently verified and no guaranty, representation or warranty, express or implied is made as to its accuracy, completeness or correctness. This document is only for Reading information.

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