Multi-Market Divergence: Capital Flows Turn Cautious at Elevated Levels

 

Release Time: 10:00 – January 20, 2026
Issued by: Ms. Jenny

MARKET OVERVIEW

1. Stock Market

Vietnam Stock Market:

Despite cautious signals emerging late last week, the market continues to show recovery efforts, forming a Hammer candlestick pattern amid declining liquidity, which indicates easing selling pressure. The rebound confirms the supporting role of the MA(10) and negates the prior pullback. In the short term, the market may continue to move sideways, but it still holds the potential to maintain its upward trend and retest the 1,900–1,920 point zone, which represents the upper boundary of the medium- to long-term price channel.

U.S. Stock Market:

In the January 19 session, U.S. markets saw a mild pullback amid rising geopolitical tensions and increased selling pressure, with Wall Street closing below its recent record levels. Major indices edged lower, with the S&P 500 down about 0.1%, the Nasdaq Composite also slipping around 0.1%, and the Dow Jones Industrial Average falling roughly 0.2%, as concerns over potential new tariff policies weighed on investor sentiment.

2. Forex

  • AUD/USD: The primary trend remains bullish. Daily resistance is located at 0.67200, while daily support stands at 0.67000. A long position may be considered if price breaks above the daily resistance level.

  • EUR/USD: The primary trend is also bullish. Daily resistance is at 1.16500, with daily support at 1.16100. A long position may be considered if price breaks above the daily resistance.

3. Gold:

Following a strong rally, gold is now consolidating sideways within the $4,666–$4,672 range. Buyers remain firmly in control as prices hold at elevated levels, leaving limited room for sellers to push prices significantly lower.

4. Oil:

XTI/USD remains in a bearish trend. Daily resistance is at 56.80, while daily support is at 55.90. A long position may be considered if price breaks above the daily resistance.

5. Crypto – BTC:

Bitcoin is going through a challenging phase as selling pressure has yet to subside. The price is currently trading around $92,426, remaining well below key resistance levels.

TRADE IDEAS

1. BTC/USD

  • Sell: 92,458

  • Stop Loss: 92,923

  • Take Profit: 90,793

2. EUR/USD

  • Buy Stop: 1.16500

  • Stop Loss: 1.16300

  • Take Profit: 1.16700

KEY EVENTS TODAY

  • 14:00 – GBP – Claimant Count Change

  • 14:00 – GBP – Average Earnings Index (3m/y)

  • All Day – ALL – World Economic Forum (WEF) Annual Meeting

  • 16:45 – GBP – BOE Governor Bailey Speaks

  • 23:30 – CHF – SNB Chairman Schlegel Speaks

DISCLAIMER

  • The above analysis represents the personal views of analyst Jenny from Lotus and does not constitute a basis for actual trading decisions.

  • Lotus provides technical analysis and trading education only.

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

  • Lotus does not manage client or student funds.