Nasdaq Technical Analysis
The Nasdaq index is moving in an upward trend on the weekly timeframe, while showing sideways movement on the daily chart. On the 30-minute chart, prices are trending upwards and have rebounded from the 23,885 level, forming an FVG zone. Prices bounced higher from this level and are currently trading around 23,470. During the day, the upward trend is expected to continue on the 30-minute chart.
Key Economic News
The US dollar awaits today’s ADP non-farm employment change data and the ISM services PMI. These releases are expected to have a notable impact on the markets, particularly indices.
Liquidity Levels
Prices are expected to rise, targeting 23,510 and then 23,633.
The bullish scenario on the 30-minute chart will be invalidated if a 30-minute candle closes below 23,285.
