“Charts and Investments, Yellow 1”
Image extraction: DALL・E2
Warning:
The buying/selling listed on this page is not a recommendation to buy or sell the listed stocks, currencies, or crypto assets. It only publishes the results automatically calculated by the computing machine, and has no further meaning or purpose.
Summary of ChatGPT’s Forecast…
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Week of April 17-21, 2023,
SPX500: buy
USD/JPY: sell
EUR/USD: sell
BTC/USD: buy
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Results…
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SPX500：sell
（open：4149.99 – close：4133.02）
USD/JPY：buy（open：133.81 – close：134.12）
EUR/USD：sell
（open：1.0991 – close：1.0989）
BTC/USD：sell（open：30347.80 – close：27251.40）
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ChatGPT (via ChatSonic’s API) answer (*excerpt):
"…Regarding SPX500, the stock market is in an unpredictable situation. The US inflation concerns, global supply shortages, and the impact of COVID-19 are affecting the stock market [1]. Therefore, trading SPX500 is risky, and it is difficult to predict whether to sell or buy at the beginning of the week. However, considering the optimistic outlook of hedge fund managers [2] and the positive market sentiment [2], it may be appropriate to buy at the beginning of the week.
As for USD/JPY, looking at the chart, it is in an upward trend and is currently facing strong resistance lines such as the 89-day moving average and Ichimoku cloud cover [2]. However, there are no buy signals for USD/JPY from technical analysis [3]. Also, while the bullish momentum for USD/JPY continues, caution is required due to geopolitical uncertainties related to cryptocurrencies and extreme market volatility. Therefore, it may be appropriate to sell USD/JPY at the beginning of the week.
Regarding EUR/USD, there are strong sell signals from technical analysis [3]. Also, the US dollar is seeing an increase in demand as a safe-haven asset due to inflation concerns, and the upward potential for EUR/USD is limited. It may be appropriate to sell EUR/USD at the beginning of the week.
As for BTC/USD, some hedge funds have a favorable view of cryptocurrencies [2]. Moreover, Bitcoin itself is said to have a strong market [2]. However, the cryptocurrency market is constantly changing and risky, so investors need to pay attention to the latest technical analysis and market sentiment. It may be appropriate to buy BTC/USD at the beginning of the week, but caution is also required due to the risks involved.
References:
[1] USD/JPY: Moving around the support level of ¥133.60
[2] US dollar Price Setup This Week: EUR/USD, GBP …
[3] FX Weekly update: EUR/USD, USD/JPY, GBP/USD…"
Extraction date & time:
20230417 00:26
This forecast seems to have focused more on technical factors. Personally, I would like to see a focus on fundamentals, so I’ll add a sentence to the question, “Focus on fundamental factors…” from the next time.
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