Bear market

Relative quotation

A currency pair compares two currencies. A falling rate means the base buys fewer quote-currency units; the opposite quotation rises. An equity-market percentage convention does not impose a universal FX bear-market threshold. State whether the label refers to a sustained chart structure, measured return or another criterion rather than import a definition silently.

Timeframe and evidence

A higher-timeframe decline can contain shorter advances. Lower highs and lows are one way to identify direction, but swing selection and confirmation timing matter. An unfinished swing can change. Neither selling pressure nor a macroeconomic explanation can be inferred completely from the label alone; distinguish the observed rate from the proposed cause.

Strategy is a separate decision

Selling rallies is one possible bearish strategy, not a requirement for every trader. Staying flat, hedging a real exposure or using another evaluated rule may be appropriate to a plan. Directional classification does not supply entry, stop, size or positive expectancy. Test costs and reversal scenarios rather than assume a bearish environment makes shorts certain winners.