Why a bull trend in chart is a bear trend in value?
Similarly, our use of words such as “up” and “down”, or “bullish” and “bearish” are meant to intuitively follow or reflect the visual chart direction of trade of a currency, not necessarily its value against USD. In case of JPY, CHF, and CAD, their bullish trend in chart means bearish trend in value. For example, if we say, “JPY is expected to slide back down from 120.00 to 118.00,” we mean that yen’s chart movement pattern is to turn south while its value is to strengthen against dollar from the weaker rate of 120.00 to the stronger rate of 118.00. One would have to get used to it in order to elude the confusion, and one usually does in time.
