Daily trading market analysis

Release Time: 10:00 AM, March 31, 2025

Issuer: Mr. Tony

MARKET OVERVIEW

1. Stock Market:

• Vietnam Market: The market declined below the MA(20) due to selling pressure from foreign investors, while supportive capital inflows remain cautious. The correction trend has not ended yet, with the next support zone at 1,305 – 1,310 points. The market may continue to decline but still has the potential to rebound when testing this support zone.

• U.S. Market: The U.S. market is undergoing a significant correction, with the Nasdaq down more than 8% and the S&P 500 losing 6.3% in March due to concerns over new tariffs. Buying opportunities are expected in April. Investors should remain cautious and closely monitor economic developments.

2. Forex:

• GBP/USD: Uptrend, potential buying opportunities. Daily support level: 1.29444.

• USD/JPY: Downtrend, potential selling opportunities. Daily resistance level: 150.00.

3. Gold:

Spot gold is currently trading at $3,093.39 per ounce. The uptrend in gold has been maintained for three consecutive weeks, so it is advisable to trade in line with the upward momentum.

4. Oil:

• XTI/USD: Short-term downtrend, but a temporary upward correction is expected today. Trading should be limited.

5. Crypto:

If Ethereum (ETH) falls below the critical support level of $1,800, selling pressure may intensify, leading to increased market pessimism. Large holders ("whales") may be concerned about a deeper correction or need to restructure their portfolios. Additionally, price declines could trigger large liquidations of leveraged positions in the derivatives market, creating a cascading effect. If Bitcoin (BTC) continues to weaken, ETH and other altcoins may also face further downward pressure.
Currently, Bitcoin is priced at $81,728, slightly lower than the previous session. The decline in BTC is largely driven by negative market sentiment at this time.

TRADE PLAN

1. USD/JPY

• Trend: Bearish

• Recommendation: Sell at 149.6 - 149.8,

• Stop loss: 150.5,

• Take profit: 148 - 147

• 

2. GBP/USD

• Trend: Bullish

• Recommendation: Buy at 1.29573

• Stop loss: 1.29423

• Take profit: 1.29873

• 

KEY EVENTS TODAY

• All day - EUR: German Preliminary CPI m/m

• 4:00 PM - EUR: Italian Preliminary CPI m/m

DISCLAIMER

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

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

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

• Lotus does not manage funds on behalf of students.