Selling Pressure Increases, Market Continues to Correct

Release Time: 10:00, March 19, 2026
Author: Ms. Jenny

MARKET OVERVIEW

1. Stock Market

  • Vietnam:
    The market continues to consolidate below the 1,730-point level. The presence of Shooting Star and Bearish Harami patterns indicates that selling pressure still dominates. The short-term outlook leans toward a correction, and the market needs more time to accumulate before a clearer recovery can be established.

  • U.S.:
    Wall Street remains in a state of modest gains but with caution, with the S&P 500 hovering around ~6,700 points. Capital flows have yet to show a strong breakout as investors await clearer signals from the Fed and upcoming inflation data.

2. Forex

  • EUR/USD: Continues to weaken below the 1.1550 level, maintaining a bearish trend as the USD remains strong.

  • USD/JPY: Holds above 158, with the uptrend still intact, though approaching overbought territory → a technical pullback may occur.

3. Gold

Gold remains in a downtrend, trading around $4,800–5,000. However, short-term support signals are emerging, suggesting a possible technical rebound, though the primary trend remains bearish.

4. Oil

Oil prices remain elevated around $105–110, but upward momentum is slowing. A short-term pullback may occur due to profit-taking, although the medium-term trend remains bullish.

5. Crypto – BTC

Bitcoin continues to trade in a weak structure, remaining under pressure with no clear recovery signals. The market is still in a low-level consolidation phase following the recent breakdown.

TRADING PLAN

1. Vietnam Stocks: PVD

Recommendation: WAIT TO BUY PVD (March 19, 2026)

  • Entry: 32,300 – 33,000 VND

  • Target 1: 36,000 VND

  • Target 2: 39,000 VND

  • Stop-loss: 31,300 VND

2. XAU/USD

  • Sell Limit XAU/USD

  • Entry: 4870

  • Take Profit: 4770

  • Stop-loss: (not specified)

KEY EVENTS TODAY

  • (Tentative) – JPY – BOJ Policy Rate

  • (Tentative) – JPY – Monetary Policy Statement

  • (Tentative) – JPY – BOJ Press Conference

  • 19:00 – GBP – Official Bank Rate

  • 19:30 – USD – Unemployment Claims

  • 20:15 – EUR – Main Refinancing Rate

  • 20:15 – EUR – Monetary Policy Statement

  • 20:45 – EUR – ECB Press Conference

DISCLAIMER

  • The above analysis reflects the personal opinion of analyst Jenny from Lotus and is not a basis for actual trading decisions.

  • Lotus provides technical analysis and trading education only.

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

  • Lotus does not manage client funds.