As forex traders, in low-volume, high volatility, melt-up and melt-down daily trading environments, it seems that there has never been a more important time to monitor the fundamental driver of each trade that is being considered, and to monitor closely the correlated market movements, regional global market opens and closes, and upcoming macro-economic calendar releases. In low-participation, sporadic movement markets, it is vitally important to ensure that fundamentals are aligned with price action as best as they can be so that volume and speculative interest have no option other than to join in when the next major break comes, even if the current levels of interest are less than normal. There are times in the year that volatile intra-day moves continually fail to follow through, with asset classes locked in ranges that they cannot seem to easily break, and intra-day trading (inside the previous session high/low) dominating. These current conditions force traders to look to buy support and sell resistance at the intra-day areas, in-line with the four-hour trends. At quiet times of the 24 hour session, traders see dollar strength and dollar weakness in equal measure, while the market looks to load the price action into a couple of 30-minute chart candles that house all of the momentum. Currently, that momentum is favoring the short side of the Usd. When traders look at the technical and fundamental set-ups and the mix of momentum and price action and see continued failed moves outside of initial bursts the markets are signaling one thing, and it is normally because of reducing market participation and a distinct lack of speculative interest. The signal is that markets are not going to be moving hard enough in any one direction to form a mid-term trend, but are however strong enough to buy support on the major currencies on against the U.S. dollar at the low of the previous session. It seems that half of the markets are watching and waiting for the other half to break through previous session high/low price points, and only then will the high frequency algorithms kick in to turbo-charge a ride that quickly runs out of momentum.