MARKET OVERVIEW Release time: 10:00 AM, April 09, 2026 Publisher: Mr. Leon
1. Stock Market: Vietnam Market: VN-Index is presenting an extremely explosive picture for the Bulls (Bullish). The index had a vertical acceleration with a long real-body green candle, decisively overcoming the entire resistance zone created by the previous EMA cluster. This extremely strong Momentum has completely reversed the short-term bearish structure, forcing the EMAs to curve upward. Momentum also followed the price action straight up to the severe overbought zone. This breakout rhythm serves to completely shake out the Bears. However, when the price spikes and stretches too far from the moving average cluster, the risk of short-term T+ profit-taking is very high. You should not FOMO chase at this suspended price zone but patiently wait for a Pullback to retest the EMA cluster to find a safe, trend-following disbursement point. US Market: Price structure: US100 is presenting a decisive picture of a downtrend. The price is plummeting sharply, continuously creating lower highs/lows and trading around the $23,109 mark. The distance between the price and the MA cluster (red ribbon) is widening, and the MA expands its downward cutting angle. Momentum: Stochastic dives straight into the deep oversold mark (below 20). However, the downward momentum is currently very large.
2. Foreign Exchange: Similar to VN-Index, the GBP/USD chart also recorded a spectacular reversal. The price had a decisive Surge, completely breaking out of the blue diagonal resistance Trendline and piercing through the entire EMA cluster. The short-term moving averages (17, 34) are sloping sharply upward and preparing to cross the long-term EMA 67, signaling the formation of a new Bullish trend. The price is currently stalling and creating compression rhythms after the hot surge, while momentum is also anchored in the severe overbought zone. Logically, the Bulls have regained the advantage; you should wait for the price to Retest the newly broken previous peak or the support EMA band to look for trend-following Long setups.
3. Gold: Gold is showing a fairly solid continuing Bullish structure. After breaking out strongly from the Sideway zone in the previous rhythm, the price has created a new peak and is currently in a healthy Pullback phase. The EMA cluster is expanding upward, forming a reliable dynamic support base. Notably, as soon as the price touched the support confluence zone between the old peak and the EMA 17-34 band, bottom-catching demand immediately appeared, creating long lower shadows. Momentum has also sagged into the oversold zone and is beginning to show signs of crossing up, supporting the next upward rhythm. The Bulls are still in control; the priority strategy right now is to Buy on dips at the support EMA zone, in alignment with the main trend.
4. Oil: Oil just experienced an extremely sharp Drop, completely breaking the previous brilliant Bullish structure. The price plummeted vertically with a giant red candle body, decisively piercing through the entire moving average cluster (EMA 17, 34, 67). This dumping is highly lethal, wiping out the Stoploss orders of the Bulls. Currently, the price is attempting a Relief Rally but has encountered the EMA 17 band (red), which has now changed its role to dynamic resistance. Momentum is also diving straight down to the severe oversold zone. The Change of Character has occurred very clearly, transferring control to the Sellers. The reasonable strategy for Oil right now is to Sell on Rallies at recovery rhythms touching the resistance EMA system.
5. Bitcoin: Bitcoin's chart structure is showing extreme struggle at a short-term top zone. The price continuously creates two-way candle shadow sweeps with large amplitude around the 71,000 USD mark, reflecting a fierce dispute between the Buyers and Sellers, but neither side has won decisively yet. On the positive side, BTC is still trading above the entire support EMA cluster. However, the appearance of many alternating long-bodied red candles indicates that peak Distribution selling force is present. Momentum also tends to cross downward from the overbought zone. With this Choppy structure, you should be cautious, limit FOMO buying, and wait for a clear Breakout signal with large volume to confirm the next direction.
RECOMMENDATION:
GBP/JPY: Sell: 212.782. Stop loss: 213.463. Take profit: 210.516.
NOTABLE EVENTS TODAY:
DISCLAIMER: The above analysis solely represents the personal views of Lotus analyst Leon and does not constitute a basis for actual market participation. Lotus only provides technical trading analysis and trading knowledge training for students. Lotus does not represent any securities company or asset management firm. Lotus does not manage funds on behalf of students.