17.07.202508:47 Forex Analysis & Reviews: The Nasdaq 100 Index has the potential to weaken and fall to its nearest support level on Thursday, July 17, 2025.

Nasdaq 100 Index - Thursday, July 17, 2025

The #NDX price movement is below the EMA(20) and EMA(50), supported by the RSI(14) at a neutral bearish level. Therefore, the #NDX has the potential to continue weakening in the near term.

Key Levels

1. Resistance 2: 23092.2.

2. Resistance 1: 22991.5.

3. Pivot: 22828.9.

4. Support 1: 22728.2.

5. Support 2: 22565.6.

Tactical Scenario

Pressure Risk Zone: If the price breaks below 22828.9, the #NDX has the potential to continue its decline to 22728.2.

Momentum Extension Bias: If the 22728.2 level is successfully broken and closes below it, the #NDX decline will continue to 22565.6.

Invalidation Level / Bias Revision

The downside bias is invalid if the index successfully breaks through and closes above 23092.2.

Technical Summary

EMA(20): 22869.3.

EMA(50): 22866.3

RSI(14): 45.90.

Economic News Release Agenda:

Earnings uncertainty, pressure from tech/futures stocks, and the Fed drama could put pressure on the Nasdaq 100 index today.

Tonight, there are news releases from the United States:

US Core Retail Sales m/m - 7:30 PM WIB.

US Retail Sales m/m - 7:30 PM WIB.

Unemployment Claims - 7:30 PM WIB.