Daily trading market analysis

Release time: 10:00 AM on April 24, 2025

Publisher: Mr. Tony

MARKET OVERVIEW

1. Stock Market:

• Vietnam: The market shows signs of recovery but caution is still advised near the resistance level of 1,215 points. Declining liquidity indicates reduced selling pressure, while cash flow remains supportive. In the short term, the market may fluctuate sideways to establish equilibrium before a clearer trend emerges. If supportive momentum continues, the recovery could strengthen after the accumulation phase.

• U.S.: The U.S. stock market rebounded strongly on April 23, 2025, after previous declines. The Dow Jones rose 1.1% to 39,606.57 points, the S&P 500 climbed 1.7% to 5,375.86 points, and the Nasdaq surged 2.5% to 16,708.05 points. The rally was driven by a softer tone from President Donald Trump on trade policies and the Federal Reserve, along with optimism about U.S.-China trade talks. All 11 sectors in the S&P 500 advanced, led by financials, technology, and consumer stocks. However, the upward momentum showed signs of slowing toward the session's end as investors took profits after the strong rebound.

2. Forex:

• EUR/USD is in a downtrend. Consider selling on a pullback to the 1.13700 zone, with resistance at 1.1400.

3. Gold:

• XAU/USD is in a downtrend but is correcting upward today. Expect wide price swings—manage stop-loss and take-profit levels carefully. Daily support: 3,300.

4. Oil:

• XTI/USD is in an uptrend. Consider buying if the price breaks above 63.10, with daily support at 62.00.

5. Crypto:

• BTC/USD remains in an overall uptrend but is expected to correct downward today. Consider short-selling opportunities, with daily resistance at 94,000.

TRADING PLAN

1. Vietnamese Stocks: REE – Wait to Buy (April 24, 2025). Entry zone: 67,100 - 68,700 VND. Target 1: 73,500 VND, Target 2: 80,000 VND. Stop-loss: 65,400 VND.

2. EUR/USD

• Trend: Bearish

• Recommendation: Sell at 1.13700, stop-loss at 1.1400, take-profit at 1.13100.

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KEY EVENTS TODAY

7:30 PM (Vietnam Time) – USD – U.S. Economic Data

• Unemployment Claims:

  • Actual: 222K

  • Forecast: 215K

• Core Durable Goods Orders (MoM):

  • Actual: 0.3%

  • Forecast: 0.7%

• Durable Goods Orders (MoM):

DISCLAIMER

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

• Lotus provides only technical trading analysis and trading education for trainees.

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

• Lotus does not manage clients' funds.