The dollar/dollar-strain is headed toward a weaker dollar, a genuine dollar depreciation trend that seems set to intensify next year.

Many Japanese individual traders focus mainly on USD/JPY and cross currencies, but as long as you trade FX, you must also watch the USD/major currency pairs.

What is common across all three is that after a lengthy high dollar environment, it is testing a bottom and is on the verge of rising.

It appears to be in the early stage, according to Dow Theory.

In terms of fundamental market trends, I think many expect a stronger dollar next year.

However, from a technical market perspective, it is heading toward a weaker dollar.

The USD/JPY has not shown as pronounced a dollar decline as USD/JPY itself, but that is because yen weakness pressure and dollar weakness are colliding, so 2017 simply formed a range-bound market.

Currently, many people want to sell dollars, so technically it is moving toward dollar weakness.

Charts reflect the crowd's expectations.

If you ignore the signs that appear on the charts because you think fundamentals are strong, you may miss opportunities and suffer when fundamental outlook turns out wrong.

This is precisely where I do not place importance on fundamentals.

I recommend deepening your understanding of technicals—where market signs are easier to recognize than fundamentals—and using it to improve your trading.


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