How does technical analysis account for macroeconomic data?

Economics Dec 14, 2020

Expert Solution

A discipline which is used for evaluating investments and identifying trading opportunities in price patterns and trends is called technical analysis. It is used to predict future movements by observing past trends. It can be applied to both: macroeconomic as well as microeconomic data. Analysis at the macroeconomic level deals with the forecasting of inflation, national income, gross domestic product and so on. The forecast of data related to these economic indicators is made using past trends.

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