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P|X FOREX Forecast
A weekly outlook of market conditions for all major traded currencies. It includes trend directions and trend reversal points, support and resistance levels, expected week highs and lows, momentum and volatility levels, and commentaries.

Click here for FOREX Forecast Legend

Updated Friday October 5, 2007, 12pm PST

EURO/USD - Downtrend from 6/18/07. Trend reversal at 1.3656

USD/JPY - Downtrend from 8/13/07. Trend reversal at 118.65

GBP/USD - Downtrend from 4/10/06. Trend reversal at 1.9824

USD/CHF - Uptrend from 6/18/07. Trend reversal at 1.2151

EUR/CHF - Uptrend from 7/24/06. Trend reversal at 1.6455

EUR/JPY - Uptrend from 8/20/07. Trend reversal at 151.44

USD/CAD - Uptrend from 2/5/07. Trend reversal at 1.0708

AUD/USD - Uptrend from 3/12/07. Trend reversal at 0.8281
 
Pinnacle-Exchange: About P/X

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FOREX vs. The Stock Market
Pinnacle-Exchange: About P/X

  • FOREX has a bigger risk component than other investment alternatives.
    (It doesn¹t)
  • Technical analysis does not translate well into FOREX
    (It does)
  • Fundamental analysis is ineffective due to central bank intervention
    (Fundamental analysis is very effective