Forex Risk & Price Trends widens

Monitoring price levels & risk trends should be a primary concern for all traders of all levels regardless of the market strategies applied. For those who are involved with the major currency pairs and the cross rates are equally vulnerable to mention the least, as price fluctuations are wider every week that passes by. The fundamental mix from the retail reports and the G20 meeting would just be in the front line for this week's trading activity.
After the the USDx moved higher at the closing of Friday as expected, the contrary price action for the USDx would totally change at the last two trading days of the week from our previous market view report dated the 10th of April. After registering a low at 79.20 last week the closing price was well maintained at the 80.00. With an opening price gap in the early trading session at the 80.11 the daily correction low is likewise expected but not too far from gaining momentum to another rally higher.
Volatility with the major pairs and the cross rates have been active since the opening of the first two weeks of April. However, much of the activity can be attributed to the USDx direction. While the EURUSD & GBPUSD have fallen from its recent weekly highs most of the earlier short positions have been taken out due to market capitulation while volumes have diminished for the past week. Visit our website at http://megatrade101.com/ for a complete report and analysis inclduing the Yen and Swiss Franc.