ICM Capital Malaysia

ANALYST VIEWS

#GOLD

"Gold may rise to 2735.00 - 2750.00"

TECHNICAL ANALYSIS
Support: 2713.00, 2705.00, 2696.00
Resistance: 2735.00, 2750.00, 2765.00

Our preference
Long positions above 2713.00 with targets at 2735.00 & 2750.00 in extension.

Alternative scenario
Below 2713.00 look for further downside with 2705.00 & 2696.00 as targets.

Comment
The RSI is bullish and calls for further upside.

All the information that we share is just our personal recommendations and the decision to trade is yours. We’re not responsible for any outcomes that might occur

ANALYST VIEWS

#USDCAD

"USD/CAD may rise 9 - 24 pips"

TECHNICAL ANALYSIS
Support: 1.3785, 1.3770, 1.3755
Resistance: 1.3815, 1.3830, 1.3845

Our preference
Long positions above 1.3785 with targets at 1.3815 & 1.3830 in extension.

Alternative scenario
Below 1.3785 look for further downside with 1.3770 & 1.3755 as targets.

Comment
The RSI has just landed on its neutrality area at 50% and is turning up.

All the information that we share is just our personal recommendations and the decision to trade is yours. We’re not responsible for any outcomes that might occur

ANALYST VIEWS

#WTI

"Crude Oil (WTI) may rise to 72.10 - 72.70"

TECHNICAL ANALYSIS
Support: 72.10, 72.70, 73.40
Resistance: 70.00, 69.45, 69.00

Our preference
Long positions above 70.00 with targets at 72.10 & 72.70 in extension.

Alternative scenario
Below 70.00 look for further downside with 69.45 & 69.00 as targets.

Comment
The RSI calls for a bounce.

All the information that we share is just our personal recommendations and the decision to trade is yours. We’re not responsible for any outcomes that might occur

ANALYST VIEWS

#NZDUSD

"NZD/USD may rise 32 - 47 pips"

TECHNICAL ANALYSIS
Support: 0.6117, 0.6132, 0.6147
Resistance: 0.6042, 0.6016, 0.6001

Our preference
The upside prevails as long as 0.6042 is support.

Alternative scenario
Below 0.6042, expect 0.6016 and 0.6001.

Comment
The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 0.6060 and 0.6060). Finally, the NZD/USD is trading above its upper Bollinger band (standing at 0.6066).

All the information that we share is just our personal recommendations and the decision to trade is yours. We’re not responsible for any outcomes that might occur

ANALYST VIEWS

#WTI

"Crude Oil (WTI) may fall to 69.00 - 69.70"

TECHNICAL ANALYSIS
Support: 69.70, 69.00, 68.35
Resistance: 71.30, 72.10, 73.40

Our preference
Short positions below 71.30 with targets at 69.70 & 69.00 in extension.

Alternative scenario
Above 71.30 look for further upside with 72.10 & 73.40 as targets.

Comment
As long as 71.30 is resistance, look for choppy price action with a bearish bias.

All the information that we share is just our personal recommendations and the decision to trade is yours. We’re not responsible for any outcomes that might occur

ANALYST VIEWS

#NZDUSD

"NZD/USD may rise 37 - 55 pips"

TECHNICAL ANALYSIS
Support: 0.6059, 0.6047, 0.6017
Resistance: 0.6111, 0.6129, 0.6147

Our preference
The upside prevails as long as 0.6047 is support.

Alternative scenario
Below 0.6047, expect 0.6017 and 0.5999.

Comment
The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 0.6060 and 0.6063). Finally, the NZD/USD has crossed above its upper Bollinger band (0.6070).

All the information that we share is just our personal recommendations and the decision to trade is yours. We’re not responsible for any outcomes that might occur

ANALYST VIEWS

#GOLD

"Gold may rise to 2675.00 - 2685.00"

TECHNICAL ANALYSIS
Support: 2653.00, 2645.00, 2636.00
Resistance: 2675.00, 2685.00, 2700.00

Our preference
Long positions above 2653.00 with targets at 2675.00 & 2685.00 in extension.

Alternative scenario
Below 2653.00 look for further downside with 2645.00 & 2636.00 as targets.

Comment
The RSI is above its neutrality area at 50%.

All the information that we share is just our personal recommendations and the decision to trade is yours. We’re not responsible for any outcomes that might occur

ANALYST VIEWS

#USDCAD

"USD/CAD may fall 33 - 53 pips"

TECHNICAL ANALYSIS
Support: 1.3750, 1.3730, 1.3710
Resistance: 1.3810, 1.3835, 1.3855

Our preference
Short positions below 1.3810 with targets at 1.3750 & 1.3730 in extension.

Alternative scenario
Above 1.3810 look for further upside with 1.3835 & 1.3855 as targets.

Comment
As long as 1.3810 is resistance, look for choppy price action with a bearish bias.

All the information that we share is just our personal recommendations and the decision to trade is yours. We’re not responsible for any outcomes that might occur

ANALYST VIEWS

#WTI

"Crude Oil (WTI) may fall to 69.90 - 71.05"

TECHNICAL ANALYSIS
Support: 73.40, 74.80, 75.40
Resistance: 71.05, 69.90, 69.10

Our preference
Short positions below 73.40 with targets at 71.05 & 69.90 in extension.

Alternative scenario
Above 73.40 look for further upside with 74.80 & 75.40 as targets.

Comment
The RSI has broken down its 30 level.

All the information that we share is just our personal recommendations and the decision to trade is yours. We’re not responsible for any outcomes that might occur

ANALYST VIEWS

#AUDUSD

"AUD/USD may fall 19 - 34 pips"

TECHNICAL ANALYSIS
Support: 0.6740, 0.6755, 0.6770
Resistance: 0.6705, 0.6690, 0.6675

Our preference
Short positions below 0.6740 with targets at 0.6705 & 0.6690 in extension.

Alternative scenario
Above 0.6740 look for further upside with 0.6755 & 0.6770 as targets.

Comment
As long as 0.6740 is resistance, look for choppy price action with a bearish bias.

All the information that we share is just our personal recommendations and the decision to trade is yours. We’re not responsible for any outcomes that might occur

ANALYST VIEWS

#WTI

"Crude Oil (WTI) may fall to 72.70 - 73.50"

TECHNICAL ANALYSIS
Support: 73.50, 72.70, 71.85
Resistance: 75.40, 76.25, 77.10

Our preference
Short positions below 75.40 with targets at 73.50 & 72.70 in extension.

Alternative scenario
Above 75.40 look for further upside with 76.25 & 77.10 as targets.

Comment
The RSI calls for a drop.

All the information that we share is just our personal recommendations and the decision to trade is yours. We’re not responsible for any outcomes that might occur

ANALYST VIEWS

#EURUSD

"EUR/USD may fall 22 - 37 pips"

TECHNICAL ANALYSIS
Support: 1.0900, 1.0885, 1.0870
Resistance: 1.0950, 1.0965, 1.0980

Our preference
Short positions below 1.0950 with targets at 1.0900 & 1.0885 in extension.

Alternative scenario
Above 1.0950 look for further upside with 1.0965 & 1.0980 as targets.

Comment
The RSI shows downside momentum.

All the information that we share is just our personal recommendations and the decision to trade is yours. We’re not responsible for any outcomes that might occur

ANALYST VIEWS

#GOLD

"Gold may rise to 2642.00 - 2652.00"

TECHNICAL ANALYSIS
Support: 2619.00, 2610.00, 2604.00
Resistance: 2642.00, 2652.00, 2659.00

Our preference
Long positions above 2619.00 with targets at 2642.00 & 2652.00 in extension.

Alternative scenario
Below 2619.00 look for further downside with 2610.00 & 2604.00 as targets.

Comment
The RSI advocates for further advance.

All the information that we share is just our personal recommendations and the decision to trade is yours. We’re not responsible for any outcomes that might occur

ANALYST VIEWS

#USDCAD

"USD/CAD may rise 25 - 40 pips"

TECHNICAL ANALYSIS
Support: 1.3725, 1.3705, 1.3690
Resistance: 1.3775, 1.3790, 1.3810

Our preference
Long positions above 1.3725 with targets at 1.3775 & 1.3790 in extension.

Alternative scenario
Below 1.3725 look for further downside with 1.3705 & 1.3690 as targets.

Comment
A support base at 1.3725 has formed and has allowed for a temporary stabilisation.

All the information that we share is just our personal recommendations and the decision to trade is yours. We’re not responsible for any outcomes that might occur

ANALYST VIEWS

#WTI

"Crude Oil (WTI) may fall to 71.55 - 72.70"

TECHNICAL ANALYSIS
Support: 74.40, 75.40, 76.40
Resistance: 72.70, 71.55, 70.70

Our preference
Short positions below 74.40 with targets at 72.70 & 71.55 in extension.

Alternative scenario
Above 74.40 look for further upside with 75.40 & 76.40 as targets.

Comment
Intraday technical indicators are mixed and call for caution.

All the information that we share is just our personal recommendations and the decision to trade is yours. We’re not responsible for any outcomes that might occur

ANALYST VIEWS

#NZDUSD

"NZD/USD may rise 45 - 65 pips"

TECHNICAL ANALYSIS
Support: 0.6149, 0.6169, 0.6189
Resistance: 0.6052, 0.6019, 0.5999

Our preference
The upside prevails as long as 0.6052 is support.

Alternative scenario
Below 0.6052, expect 0.6019 and 0.5999.

Comment
The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 0.6064 and 0.6073). Finally, the NZD/USD has crossed above its upper Bollinger band (0.6081).

All the information that we share is just our personal recommendations and the decision to trade is yours. We’re not responsible for any outcomes that might occur

#ClientNotice

ANALYST VIEWS

#GOLD

"Gold may fall to 2605.00 - 2612.00"

TECHNICAL ANALYSIS
Support: 2612.00, 2605.00, 2595.00
Resistance: 2635.00, 2643.00, 2653.00

Our preference
Short positions below 2635.00 with targets at 2612.00 & 2605.00 in extension.

Alternative scenario
Above 2635.00 look for further upside with 2643.00 & 2653.00 as targets.

Comment
As long as 2635.00 is resistance, look for choppy price action with a bearish bias.

All the information that we share is just our personal recommendations and the decision to trade is yours. We’re not responsible for any outcomes that might occur

ANALYST VIEWS

#GBPUSD

"GBP/USD may fall 23 - 43 pips"

TECHNICAL ANALYSIS
Support: 1.3075, 1.3055, 1.3035
Resistance: 1.3115, 1.3135, 1.3155

Our preference
Short positions below 1.3115 with targets at 1.3075 & 1.3055 in extension.

Alternative scenario
Above 1.3115 look for further upside with 1.3135 & 1.3155 as targets.

Comment
The upward potential is likely to be limited by the resistance at 1.3115.

All the information that we share is just our personal recommendations and the decision to trade is yours. We’re not responsible for any outcomes that might occur

ANALYST VIEWS

#WTI

"Crude Oil (WTI) may rise to 78.80 - 79.90"

TECHNICAL ANALYSIS
Support: 75.50, 74.70, 73.50
Resistance: 78.80, 79.90, 82.60

Our preference
Long positions above 75.50 with targets at 78.80 & 79.90 in extension.

Alternative scenario
Below 75.50 look for further downside with 74.70 & 73.50 as targets.

Comment
The RSI is mixed with a bullish bias.

All the information that we share is just our personal recommendations and the decision to trade is yours. We’re not responsible for any outcomes that might occur