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FX.co ★ The Nasdaq 100 Index, which is still bullish, has the potential to reach its nearest resistance level. Thursday, August 28, 2025.

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Forex Analysis:::2025-08-28T05:57:34

The Nasdaq 100 Index, which is still bullish, has the potential to reach its nearest resistance level. Thursday, August 28, 2025.

[Nasdaq 100 Index] – [Thursday, August 28, 2025]

The Nasdaq 100 Index is in bullish condition today, as confirmed by the RSI at the Neutral Bullish level, and 50(EMA) and 200 (EMA) crossing a Golden Cross.

Key Levels

1. Resistance 2: 23663.3

2. Resistance 1: 23567.6

3. Pivot: 23495.0

4. Support 1: 23399.3

5. Support 2: 23326.7

Tactical Scenario

Positive Reaction Zone: If the Nasdaq 100 Index successfully breaks through and closes above 23567.6, it has the potential to strengthen the index to 23567.6.

Momentum Extension Bias: If the 23567.6 level is successfully broken through and closes above it, this signals the potential for #NDX to continue strengthening to 23735.9.

Invalidation Level / Bias Revision

Upside bias weakens when the index price weakens and breaks through and closes below 23326.7.

Technical Summary

EMA(50): 23501.0.

EMA(200): 23454.4.

RSI(14): 53.97.

Economic News Release Agenda:

Tonight, several economic data releases will be released from the United States, as follows:

US - Prelim GDP q/q - 19:30 WIB

US - Unemployment Claims - 19:30 WIB

US - Prelim GDP Price Index q/q - 19:30 WIB

US - Pending Home Sales m/m - 21:00 WIB

US - Natural Gas Storage - 21:00 WIB

The Nasdaq 100 Index, which is still bullish, has the potential to reach its nearest resistance level. Thursday, August 28, 2025.

Analyst InstaForex
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