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RetailSwingTraders
Aug 21, 2021 1:52 AM

Dollar and NIFTY Comparison  Long

Nifty 50 IndexNSE

Description

Do you see any relation between Dollar and NIFTY Movement
Comments
federalOil8875
No co relation seen between two instruments
RetailSwingTraders
@federalOil8875, Try to find it, There is a direct relation . Check These two posts

johntradingwick
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.

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