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07.05.202608:27 Forex Analysis & Reviews: Technical Analysis of #NDX Intraday Price Movement.Thursday, May 07, 2026

Relevance up to 01:00 2026-05-08 UTC--4

NASDAQ 100

With RSI(14) in the Neutral-Bullish level and both EMAs forming a Golden Cross intersection, then #NDX has the potential to test its nearest resistance level.

Key Levels

1. Resistance. 2 : 29024.5

2. Resistance. 1 : 28805.2

3. Pivot : 28458.1

4. Support. 1 : 28238.8

5. Support. 2 : 27891.7

Tactical Scenario

Positive Reaction Zone: If the price holds at 28458.1, there is a likelihood of a rise toward 28805.2.

Momentum Extension Bias: If 28805.2 is broken, #NDX may move toward 29024.5.

Invalidation Level / Bias Revision

The upside bias weakens if #NDX breaks down below 27891.7.

Technical Summary

EMA(50) : 28415.4

EMA(200): 27961.2

RSI(14) : 62.22

Economic News Release Agenda:

From the United States the following economic data will be released:

US - Challenger Job Cuts y/y - 18:30 WIB

US - Unemployment Claims - 19:30 WIB

US - Prelim Nonfarm Productivity q/q - 19:30 WIB

US - Prelim Unit Labor Costs q/q - 19:30 WIB

US - Construction Spending m/m - 21:00 WIB

US - Natural Gas Storage - 21:30 WIB

US - Consumer Credit m/m - 02:00 WIB

Exchange Rates 07.05.2026 analysis

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Arief Makmur,
Analytical expert of InstaSpot
© 2007-2026
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