NDXUSD

In an environment where trade wars continue, economic calendar data is being closely monitored. U.S. President Trump announced a one-month exemption on a 25% tariff for automobile manufacturers and indicated that further changes may occur in the future. While ADP non-farm employment data fell short of expectations, the ISM services PMI performed better than anticipated, boosting the sector's growth momentum. This situation contributed to the recovery of the NASDAQ100 despite the rise in 10-year bond yields. Today, the speech of FOMC member Waller will also be closely watched.

The NASDAQ100 index is trading in a region supported by favorable indicators. Analyzing short-term price movements technically, fluctuations are observed in the range of 20565 – 20680, supported by the 21-period exponential moving average at the level of 20636. To strengthen the upward momentum, it may be necessary to maintain levels above 20680. Potential upward targets could be 20785 and 20900, while negative scenarios may require four-hour closes below 20565. In a downtrend scenario, supports at 20420 and 20250 may come into focus. The critical levels for the day are between 20565 and 20680.