Daily trading market analysis

Release Time: 10:00 AM, March 7, 2025

Issuer: Mr. Leon

MARKET OVERVIEW

1. Stock Market:

• Vietnam Market: The market continues to rise but at a slower pace, with signs of contention. Liquidity has decreased but remains relatively high, and supporting cash flow is maintained. The market may fluctuate or experience a slight correction to rebalance. If a correction occurs, it could be an opportunity to attract more cash flow.
• US Market: The US market fell sharply on March 10 due to recession concerns, with the Dow Jones losing up to 1,000 points and the Nasdaq hitting a 3-year low. Investors are cautious and shifting towards safe-haven assets.

2. Foreign Exchange:

• EUR/USD: Still shows no signs of breaking out of the sideways price range. Support: 1.08200, Resistance: 1.08700.
• AUD/USD: The main trend remains downward, but there will be a recovery rally today.

Gold:

• At the end of the trading session on March 10, global gold experienced a downward trend, with a drop from 2917 to 2880, equivalent to 37 points.

3. Oil:

• The downtrend continues, but there will be a recovery rally today. Wait for signals today; trading may be possible on Wednesday.

4. Bitcoin:

• This downward move has pulled Ethereum's market capitalization down to $223.14B, equivalent to 11.71% of the total cryptocurrency market capitalization. Ethereum's highest market capitalization was $569.58B.
• Ethereum fluctuated between $1,821.95 and $2,144.65 in the previous 24 hours.

PLAN OVERVIEW

1. AUD/USD:

• Uptrend - Recommendation: Buy entry 0.62800, stop loss: 0.62630, take profit: 63140
  

2. Vietnam Stocks: DBC

• Trend: Uptrend
• Recommendation: BUY DBC (March 11, 2025), entry price 28,500 - 29,500 VND, target 1: 32,000 VND, target 2: 35,500 VND, stop loss 27,800 VND.
  

3. Bitcoin:

• Trend: Recovery
• Recommendation: Buy at 79000-79300, stop loss: 78500, take profit 80400-81000
  

TODAY'S NOTABLE EVENTS:

• 7:00 AM - British Pound: NAB Business Confidence
• 5:00 PM - USD: NFIB Small Business Index
• 9:00 PM - USD - JOLTS Job Openings

DISCLAIMER:

• The above opinions represent the personal views of Leon, an analyst from Lotus, and are not a basis for actual market participation.
• Lotus only provides trading technical analysis and trading knowledge training for students.
• Lotus does not represent any securities company or asset management company.
• Lotus does not manage student funds.