Technical Analysis of Nasdaq Index
The Nasdaq index is moving in a downward trend on the 1-hour timeframe. Prices dropped from the 24690 level yesterday, Tuesday. Currently, prices have declined and formed an FVG zone around the 24490 level. A continuation to the downside is expected from this zone, extending the bearish trend throughout the day.
Key Economic News
Today, the US dollar awaits the release of employment data from ADP as well as the ISM Manufacturing PMI.
Liquidity Levels
Prices are expected to decline towards 24355, followed by 24303.
The bearish scenario on the 1-hour timeframe will be invalidated if prices revisit the 24590 level.
