Understanding Nifty Advance/Decline Ratio in Forex Trading

The Nifty Advance-Decline Ratio is a reliable measure of the overall health of a currency market. It is a ratio of the number of advancing stocks to declining stocks in a given period, calculated for a specific index or market segment. The Nifty Advance-Decline Ratio is a useful tool to identify overbought or oversold conditions in the market, and can help in predicting future price movements. The ratio can also be applied to individual currency pairs to give insight into their relative strength or weakness. With the Nifty Advance-Decline Ratio, traders can judge whether the forex market is in a general uptrend or slump, or if there is a particular currency pair that is particularly strong or weak.

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