ICM Capital Malaysia

This channel provides latest updates, news, information, announcements, and more for our clients.

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#notice
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ANALYST VIEWS

#GOLD

Gold may rise to 2860.00 - 2920.00

TECHNICAL ANALYSIS
SUPPORT: 2860.00 , 2920.00 , 3000.00
RESISTANCE: 2650.00 , 2600.00 , 2540.00

OUR PREFERENCE
Long positions above 2650.00 with targets at 2860.00 & 2920.00 in extension.

ALTERNATIVE SCENARIO
Below 2650.00 look for further downside with 2600.00 & 2540.00 as targets.

COMMENT
The RSI shows upside 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

#USDJPY

USD/JPY may fall 65 - 100 pips

TECHNICAL ANALYSIS
SUPPORT: 156.25, 156.70, 157.00
RESISTANCE: 154.85, 154.50, 154.20

OUR PREFERENCE
Short positions below 156.25 with targets at 154.85 & 154.50 in extension.

ALTERNATIVE SCENARIO
Above 156.25 look for further upside with 156.70 & 157.00 as targets.

COMMENT
The RSI lacks upward 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 2770.00 - 2780.00

TECHNICAL ANALYSIS
SUPPORT: 2770.00, 2780.00, 2790.00
RESISTANCE: 2739.00, 2729.00, 2719.00

OUR PREFERENCE
Long positions above 2739.00 with targets at 2770.00 & 2780.00 in extension.

ALTERNATIVE SCENARIO
Below 2739.00 look for further downside with 2729.00 & 2719.00 as targets.

COMMENT
The RSI calls for a new upleg.

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 43 - 73 pips

TECHNICAL ANALYSIS
SUPPORT: 1.4410, 1.4450, 1.4490
RESISTANCE: 1.4335, 1.4305, 1.4280

OUR PREFERENCE
Short positions below 1.4410 with targets at 1.4335 & 1.4305 in extension.

ALTERNATIVE SCENARIO
Above 1.4410 look for further upside with 1.4450 & 1.4490 as targets.

COMMENT
The upward potential is likely to be limited by the resistance at 1.4410.

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 74.40 - 75.10

TECHNICAL ANALYSIS
SUPPORT: 76.70, 77.15, 77.85
RESISTANCE: 75.10, 74.40, 73.65

OUR PREFERENCE
Short positions below 76.70 with targets at 75.10 & 74.40 in extension.

ALTERNATIVE SCENARIO
Above 76.70 look for further upside with 77.15 & 77.85 as targets.

COMMENT
The RSI has just struck against its neutrality area at 50% and is reversing down.

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

#USDCHF

USD/CHF may fall 30 - 50 pips

TECHNICAL ANALYSIS
SUPPORT: 0.9090, 0.9110, 0.9130
RESISTANCE: 0.9030, 0.9010, 0.8985

OUR PREFERENCE
Short positions below 0.9090 with targets at 0.9030 & 0.9010 in extension.

ALTERNATIVE SCENARIO
Above 0.9090 look for further upside with 0.9110 & 0.9130 as targets.

COMMENT
The break below 0.9090 is a negative signal that has opened a path to 0.9030.

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 2716.00 - 2724.00

TECHNICAL ANALYSIS
SUPPORT: 2716.00, 2724.00, 2734.00
RESISTANCE: 2700.00, 2690.00, 2682.00

OUR PREFERENCE
Long positions above 2700.00 with targets at 2716.00 & 2724.00 in extension.

ALTERNATIVE SCENARIO
Below 2700.00 look for further downside with 2690.00 & 2682.00 as targets.

COMMENT
The RSI lacks 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

#AUDUSD

AUD/USD may fall 45 - 75 pips

TECHNICAL ANALYSIS
SUPPORT: 0.6290, 0.6315, 0.6340
RESISTANCE: 0.6200, 0.6170, 0.6140

OUR PREFERENCE
Short positions below 0.6290 with targets at 0.6200 & 0.6170 in extension.

ALTERNATIVE SCENARIO
Above 0.6290 look for further upside with 0.6315 & 0.6340 as targets.

COMMENT
The RSI calls for a new downleg.

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 2716.00 - 2724.00

TECHNICAL ANALYSIS
SUPPORT: 2716.00, 2724.00, 2734.00
RESISTANCE: 2690.00, 2677.00, 2667.00

OUR PREFERENCE
Long positions above 2690.00 with targets at 2716.00 & 2724.00 in extension.

ALTERNATIVE SCENARIO
Below 2690.00 look for further downside with 2677.00 & 2667.00 as targets.

COMMENT
The next resistances are at 2716.00 and then at 2724.00.

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

#GBPNZD

GBP/NZD may fall 98 - 143 pips

TECHNICAL ANALYSIS
SUPPORT: 2.1806 , 2.1882 , 2.1927
RESISTANCE: 2.1592 , 2.1547 , 2.1502

OUR PREFERENCE
The downside prevails as long as 2.1806 is resistance.

ALTERNATIVE SCENARIO
The upside breakout of 2.1806, would call for 2.1882 and 2.1927.

COMMENT
The RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 2.1762 and 2.1776).

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 76.15 - 77.00

TECHNICAL ANALYSIS
SUPPORT: 78.10, 78.70, 79.35
RESISTANCE: 77.00, 76.15, 75.35

OUR PREFERENCE
Short positions below 78.10 with targets at 77.00 & 76.15 in extension.

ALTERNATIVE SCENARIO
Above 78.10 look for further upside with 78.70 & 79.35 as targets.

COMMENT
The upward potential is likely to be limited by the resistance at 78.10.

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 20 - 35 pips

TECHNICAL ANALYSIS
SUPPORT: 0.6230, 0.6245, 0.6260
RESISTANCE: 0.6190, 0.6175, 0.6160

OUR PREFERENCE
Short positions below 0.6230 with targets at 0.6190 & 0.6175 in extension.

ALTERNATIVE SCENARIO
Above 0.6230 look for further upside with 0.6245 & 0.6260 as targets.

COMMENT
As long as the resistance at 0.6230 is not surpassed, the risk of the break below 0.6190 remains high.

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 74.60 - 75.60

TECHNICAL ANALYSIS
SUPPORT: 77.60, 78.30, 79.10
RESISTANCE: 75.60, 74.60, 73.70

OUR PREFERENCE
Short positions below 77.60 with targets at 75.60 & 74.60 in extension.

ALTERNATIVE SCENARIO
Above 77.60 look for further upside with 78.30 & 79.10 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 rise 17 - 37 pips

TECHNICAL ANALYSIS
SUPPORT: 1.0315, 1.0335, 1.0355
RESISTANCE: 1.0270, 1.0240, 1.0210

OUR PREFERENCE
Long positions above 1.0270 with targets at 1.0315 & 1.0335 in extension.

ALTERNATIVE SCENARIO
Below 1.0270 look for further downside with 1.0240 & 1.0210 as targets.

COMMENT
The next resistances are at 1.0315 and then at 1.0335.

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 fall to 2656.00 - 2663.00

TECHNICAL ANALYSIS
SUPPORT: 2674.00, 2681.00, 2691.00
RESISTANCE: 2663.00, 2656.00, 2645.00

OUR PREFERENCE
Short positions below 2674.00 with targets at 2663.00 & 2656.00 in extension.

ALTERNATIVE SCENARIO
Above 2674.00 look for further upside with 2681.00 & 2691.00 as targets.

COMMENT
The upward potential is likely to be limited by the resistance at 2674.00.

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 35 - 55 pips

TECHNICAL ANALYSIS
SUPPORT: 1.4390, 1.4410, 1.4425
RESISTANCE: 1.4350, 1.4330, 1.4310

OUR PREFERENCE
Short positions below 1.4390 with targets at 1.4350 & 1.4330 in extension.

ALTERNATIVE SCENARIO
Above 1.4390 look for further upside with 1.4410 & 1.4425 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

#WTI

Crude Oil (WTI) may rise to 80.00 - 84.50

TECHNICAL ANALYSIS
SUPPORT: 80.00 , 84.50 , 87.50
RESISTANCE: 72.80 , 69.20 , 65.50

OUR PREFERENCE
Long positions above 72.80 with targets at 80.00 & 84.50 in extension.

ALTERNATIVE SCENARIO
Below 72.80 look for further downside with 69.20 & 65.50 as targets.

COMMENT
The RSI shows upside 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

#AUDUSD

AUD/USD may fall 19 - 39 pips

TECHNICAL ANALYSIS
SUPPORT: 0.6170, 0.6185, 0.6205
RESISTANCE: 0.6140, 0.6120, 0.6105

OUR PREFERENCE
Short positions below 0.6170 with targets at 0.6140 & 0.6120 in extension.

ALTERNATIVE SCENARIO
Above 0.6170 look for further upside with 0.6185 & 0.6205 as targets.

COMMENT
The upward potential is likely to be limited by the resistance at 0.6170.

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
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