31.07.202508:03 Forex Analysis & Reviews: The Nasdaq 100 Index will attempt to test its nearest resistance level today, Thursday, July 31, 2025.

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Nasdaq 100 Index – Thursday, July 31, 2025.

With the Golden Cross of the 50-day (EMA)50 and (EMA)200 and the position of RSI (14)in an Extreme Bullish condition, the Nasdaq 100 Index is dominated by buyers today.

Key Levels

1. Resistance 2: 23764.6

2. Resistance 1: 23645.8

3. Pivot: 23435.0

4. Support 1: 23316.2

5. Support 2: 23105.4

Tactical Scenario

Positive Reaction Zone: If the Nasdaq 100 Index can stay above 23435.0, then it has the potential to strengthen and rise to 23645.8.

Momentum Extension Bias: If the 23645.8 level is successfully broken and closes above it, the Nasdaq 100 Index will continue to strengthen to 23764.6.

Invalidation Level / Bias Revision

Upside bias weakens when the Nasdaq 100 Index corrects and falls to break and close below 23105.4.

Technical Summary

EMA(50): 23464.0.

EMA(200): 23358.6.

RSI(14): 74.19.

Economic News Release Agenda:

Tonight, there will be economic data releases from the United States:

US - Core PCE Price Index m/m - 19:30 WIB.

US - Employment Cost Index q/q - 19:30 PM WIB.

US - Unemployment Claims - 19:30 PM WIB.

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