Daily trading market analysis

Release Time: 10:00 AM on March 5, 2025

Publisher: Ms. HaiYi

MARKET OVERVIEW

1. Stock Market:

   • Vietnam Market: Maintained a crucial support level at 1,300 points and recorded efforts to surpass the resistance level of 1,310, driven by the price increase of some blue-chip stocks and the banking group. However, net selling pressure from foreign investors remains a factor to closely monitor in the near future to assess the next trend.

   • US Stock Market: Experienced a sharp decline due to a 25% tariff imposed by Trump, with the Dow Jones down 1.55%, S&P 500 down 1.22%, and Nasdaq down 0.35%. Selling pressure was concentrated in the automotive and retail sectors. The market may fluctuate, with a slight recovery possible if trade negotiations are positive, but the risk of a deeper decline remains if tensions escalate.

2. Forex:

   • GBP/USD: Showed an upward trend since the beginning of the week, and today may present an opportunity to enter a long position.

   • AUD/USD: Also showed an upward trend since the beginning of the week, but downward pressure remains strong, requiring further signals to consider trading.

3. Gold:

   • After the first two days of the week from March 3 to March 5, gold prices continued to rise from 2,835 to 2,927 without signs of stopping. The weekly trend remains upward.

4. Oil:

   • Continued its downward trend but is approaching a strong support level at 67.1. It is necessary to observe the price action at this level before trading.

5. Bitcoin:

   • The support level at 80,000 is holding well. This morning, March 5, the price recovered from 80,000 to 87,000.

TRADING PLAN

1. Vietnam Stock Market: VIB

   • Trend: Uptrend

   • Strategy: Buy at 20,800 - 21,200, stop loss at 20,300, take profit 1 at 22,800, take profit 2 at 25,000.

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2. GBP/USD

   • Trend: Uptrend

   • Strategy: Buy at 1.27400, stop loss at 1.26800, take profit at 1.28600.

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3. Gold

   • Trend: Uptrend

   • Recommendation: Buy at 2,897-2,900, stop loss at 2,893, take profit at 2,920-2,940.

NOTABLE EVENTS TODAY:

• 07:30 - Japanese Yen (JPY): BOJ Governor Ueda speaks

• 09:10 - US Dollar (USD): Former President Trump speaks

• 14:30 - Swiss Franc (CHF): Monthly Consumer Price Index (CPI)

• 20:15 - US Dollar (USD): ADP Non-Farm Employment Change

• 21:30 - British Pound (GBP): Monetary Policy Report Hearing

• 21:45 - US Dollar (USD): Final Services PMI

• 22:00 - US Dollar (USD): ISM Services PMI

DISCLAIMER

• The above analysis represents the personal views of analyst HaiYi from Lotus and should not be considered as a basis for actual market participation.

• Lotus only provides technical trading analysis and trading knowledge training for students.

• Lotus does not represent any securities company or asset management company.

• Lotus does not manage students' funds.