RetailSwingTraders

Dollar and NIFTY Comparison

Long
NSE:NIFTY   Nifty 50 Index
Do you see any relation between Dollar and NIFTY Movement
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Comments

No co relation seen between two instruments
+1 Reply
RetailSwingTraders federalOil8875
@federalOil8875, Try to find it, There is a direct relation . Check These two posts

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Your logic is somewhat right, but instead of showing 2 separate charts, you could have used the "compare" option to add both the charts on the same screen. It provides better visualization. Also, if you are interested in reading about Nifty vs DXY, you can check this post of mine where I have marked the correlation along with the coefficients.

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RetailSwingTraders johntradingwick
@johntradingwick, Thanks for sharing such a great analysis with us
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