Here are the futures and forex markets that may be worth watching in the early part of the week. These markets (emini Dow, S&P 500, and Russell 2000, as well as the EURUSD, USDCHF, and USDJPY) may have a substantial move prior to the FOMC announcements on Wednesday beginning at 2 pm New York time.
On the emini Dow Jones, price has formed a double top area indicating a retracement is likely. Price will likely go back to the ATR on the 6 hour chart and traders could confirm the move by using a lower time frame for trading either the futures contracts or even the Nadex Touch Brackets.
Futures and Forex Markets Review Video
Instead of going through each symbol in this video, Gail Mercer, founder of TradersHelpDesk, opts to only review the markets that may have potential moves early in the week based on technical analysis. She reviews a total of six markets:
- eMini S&P 500
- eMini Russell 2000
- eMini Dow Jones
Free Webinar for Traders On Monday Morning at 8 am New York time.
Gail will also be hosting a free webinar on Monday morning at 8am New York time. You can register to attend the webinar by clicking here.