leopisbig

US unemployment rate from a TA perspective

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leopisbig Updated   
FRED:UNRATE   Civilian Unemployment Rate
  • RSI at its historic low (in the available data).
  • It looks like the rate hit (or almost hit) the support line.
  • Can we say there will be an increasing unemployment rate, based on low RSI and the support line?
Trade closed: target reached:
Unfortunately I was right.

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