Daily trading market analysis

Release Time: 10:00 AM, April 8, 2025
Publisher: Mr. Tony

MARKET OVERVIEW

1. Stock Market:

• Vietnam: The market declined but found support around the 1,165 level and has since rebounded. Liquidity increased, indicating dominant supply, yet bottom-fishing buying was also strong. A short-term bottom may have been formed at 1,160. The market may recover and retest the 1,230–1,250 zone, potentially experiencing significant volatility in search of a new equilibrium.

• USA: The U.S. market showed strong volatility due to tariff news. However, short-term recovery signals are emerging, with DJI, NDX, and SPX all posting gains in yesterday’s session. Volatility is expected to remain high in the near future.

2. Forex:

• GBP/USD is recovering from its short-term bottom; a long position may be considered. Daily support: 1.27500

• USD/CAD continues its downward trend; a short position may be considered. Daily resistance: 1.42200

3. Gold:
   Spot gold is currently at $2,986/oz, down $54 from the session high of $3,040/oz. The short-term trend is bearish.

4. Oil:
   XTI/USD is rebounding from its short-term bottom; a long position may be considered today. Daily support: 60.00

5. Crypto:

• BTC is currently at $80,579, up 1.99% in yesterday’s session.

• ETH is expected to see a rebound today; we recommend a long position.

TRADE IDEA

1. ETH

• Trend: Short-term uptrend

• Recommendation: Buy at 1,591.45

• Stop Loss: 1,411.80

• Take Profit: 1,855.75

  

KEY EVENTS TODAY

• 10:35 AM – JPY: 30-Year Government Bond Auction

• 12:00 PM – JPY: Economy Watchers Sentiment

• 1:45 PM – EUR: French Trade Balance

• TBD – GBP: 30-Year Gilt Auction

• TBD – EUR: German 10-Year Bond Auction

• 5:00 PM – USD: NFIB Small Business Index

• 9:00 PM – CAD: Ivey PMI

• 11:00 PM – GBP: MPC Member Lombardelli Speaks

DISCLAIMER

• The above analysis reflects the personal viewpoint of analyst Tony from Lotus and is not a recommendation for actual trading.

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

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

• Lotus does not manage clients’ funds.