The primary trend refers to the overall market direction of a currency pair over a long period of time. The primary trend is usually bullish (upward) or bearish (downward), but may be sideways (neutral) in some circumstances. There is no set period for measuring the primary trend, but it is usually measured in longer units of time such as months and years.
The primary trend is considered to be the fundamental trend, and is believed to be driven by factor affecting the underlying economies rather than by short-term trading. The primary trend is more powerful than temporary secondary trends. Although the primary trend is easy to spot on a long term chart after it is established, it can be hard for traders to see on a day-to-day basis due to market noise.
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