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FX.co ★ Nasdaq 100 Index has the potential to strengthen today.Thursday, October 16, 2025.

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Forex Analysis:::2025-10-16T04:54:40

Nasdaq 100 Index has the potential to strengthen today.Thursday, October 16, 2025.

[Nasdaq 100 Index] – [Thursday, October 16, 2025]

Technical indicators condition show strengthening momentum, including a Golden Cross between EMA(50) & EMA(200) and the RSI positioned in the Neutral-Bullish zone. Therefore, #NDX has the potential to move higher today.

Key Levels:

1. Resistance. 2 : 25180.4

2. Resistance. 1 : 24976.1

3. Pivot : 24730.3

4. Support. 1 : 24526.0

5. Support. 2 : 24280.2

Tactical Scenario:

Positive Reaction Zone: If the price of #NDX rises and breaks above 24976.1, it may continue its upward momentum toward 25180.4.

Momentum Extension Bias: If 25,180.4 is breached, #NDX could continue higher to test 25426.2.

Invalidation Level / Bias Revision:

The upside bias weakens if #NDX breaks and closes below 24280.2.

Technical Summary:

EMA(50) : 24736.0

EMA(200): 24749.3

RSI(14) : 47.33

Economic News Release Agenda:

Tonight from the United States, the following economic data will be released:

US - NAHB Housing Market Index - 21:00 WIB

US - Business Inventories m/m - Tentative

US - Natural Gas Storage - 21:30 WIB

US - Crude Oil Inventories - 23:00 WIB

Nasdaq 100 Index has the potential to strengthen today.Thursday, October 16, 2025.

Analyst InstaForex
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