Daily trading market analysis

Release Time: 10:00 AM, April 23, 2025

Publisher: Mr. Tony

MARKET OVERVIEW

1. Stock Market:

• Vietnam Market: The market plunged sharply but recovered at the 1,140-point level with a bullish pin bar, indicating strong demand absorption at lower prices. Increased liquidity suggests strong bottom-fishing activity, helping the market gradually stabilize after a deep correction. The market is expected to find support and recover, targeting a retest of the MA(20) line.

• U.S. Market: Stocks rebounded strongly following the previous sell-off. The Dow Jones rose 2.7% to 39,186.98 points, the S&P 500 gained 2.5% to 5,280.48 points, and the Nasdaq climbed 2.7% to 16,300.42 points. This recovery was driven by positive earnings reports from companies like Equifax and 3M, along with expectations of easing U.S.-China trade tensions following remarks from the U.S. Treasury Secretary.

2. Forex:

• AUD/USD confirmed a short-term bearish reversal, but the broader trend remains unconfirmed. Trading is limited today.

• USD/CHF maintains a dominant bullish trend. Look for buying opportunities today, with daily support at 0.81700.

• USD/JPY shows short-term bullish recovery. Seek buying opportunities today, with daily support at 140.980.

3. Gold:

• Short-term bearish correction with wide price swings. Look for sell opportunities today, with daily resistance at 3,400.

4. Oil:

• XTI/USD maintains a bullish trend. Seek buying opportunities today, with daily support at 63.40.

5. Crypto:

• BTC/USD remains bullish. Wait for a pullback before entering long positions, with daily support at 90,000.

TRADING PLAN

1. Vietnamese Stocks:

   • VCG Recommendation – WAIT TO BUY (April 23, 2025)

   • Entry: 21,100 – 21,700 VND

   • Target 1: 23,400 VND

   • Target 2: 25,000 VND

   • Stop Loss: 20,400 VND

   • 

2. USD/JPY:

   • Trend: Short-term bullish

   • Recommendation: Sell at 0.63925

   • Stop Loss: 0.64125

   • Take Profit: 0.63525

   • 

KEY EVENTS TODAY

• 2:15 PM

  • EUR

    • French Flash Manufacturing PMI: 47.9 (Forecast: 48.5)

    • French Flash Services PMI: 47.6 (Forecast: 47.9)

• 2:30 PM

  • EUR

    • German Flash Manufacturing PMI: 47.5 (Forecast: 48.3)

    • German Flash Services PMI: 50.3 (Forecast: 50.9)

• 3:00 PM

  • EUR

    • Eurozone Flash Manufacturing PMI: 47.4 (Forecast: 48.6)

    • Eurozone Flash Services PMI: 50.4 (Forecast: 51.0)

• 3:30 PM

  • GBP

    • UK Flash Manufacturing PMI: 44.0 (Forecast: 44.9)

    • UK Flash Services PMI: (No data yet)

• 8:45 PM

  • USD

    • U.S. Flash Manufacturing PMI: 49.3 (Forecast: 50.2)

    • U.S. Flash Services PMI: (No data yet)

DISCLAIMER

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

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

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

• Lotus does not manage clients' funds.