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leopisbig
Jan 5, 2018 2:13 PM

US unemployment rate from a TA perspective Education

FRED:UNRATE3M
Unemployment RateFRED

Description

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  • 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

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Unfortunately I was right.
Trend Analysisunemployment
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