Forex pivot points are points at or around which foreign exchange, or forex, prices are expected to pivot, or change direction, as well as possibly gain momentum. These points are used as leading indicators of price movements, meaning that they are considered to be somewhat predictive of the future course of price movements, either up or down. For example, prices trading above a pivot point in a particular period indicate bullishness, the expectation being that prices will move higher in subsequent periods. Prices trading below the pivot point in a particular period indicate bearishness and the expectation that prices will move downward in subsequent periods.