“The action that selling and buying stocks with chart 3”
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.
In summary…
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Week of October 16 – 20, 2023,
SPX500: buy
USD/JPY: buy
EUR/USD: sell
BTC/USD: buy
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Results…
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SPX500：
（open：4333.97 – close：4222.93）
USD/JPY：
（open：149.35 – close：149.85）
EUR/USD：（open：1.0508 – close：1.0594）
BTC/USD：（open：27195.70 – close：29585.50）
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ChatGPT (ChatGPT4+Browsing) answer (*excerpt):
"SPX500
To decide whether to sell or buy SPX500 at the start of the week on October 16th, 2023, several fundamental factors and market analyses need to be considered. The following points might be significant:
Optimistic Outlook for Earnings Season:
Market analysis on October 8th, 2023, presents a bullish argument indicating that the price of the S&P 500 has reached the lower limit of an upward trend[1]. This information might suggest that corporate earnings reports could be potentially better than expected.
Economic Indicators:
Data on the Consumer Price Index (CPI) and the number of unemployment insurance applications from October 12th, 2023, may potentially impact the fundamental health of the market[2]. These indicators could affect the market’s health and corporate profitability.
Technical Analysis:
According to previous analyses, the SPX500 might temporarily descend and bounce back in the buyer’s zone[3]. This suggests that the market may have buyer’s interest in the short term.
Market Price Fluctuation:
It’s crucial to check real-time charts and market analysis to grasp the latest market trends[4].
Considering these factors, it’s evident that the market trend of SPX500 is influenced by multiple factors. Market analysis and economic indicators provide insights into corporate earnings expectations and the health of the market, while technical analysis implies short-term market movements.
Based on the analyzed information, I would likely buy SPX500 at the beginning of the week. The optimistic outlook for the earnings season and the short-term market movements suggested by the technical analysis could be reasons to take a buying position at the start of the week.
1: https://www.tradingview.com/symbols/SPX/
2: https://www.fxempire.com/indices/spx500-usd#:~:text=Thursday%2C%20October%2012th%202023%20Time,210K%20207K%20Latest%20News
3: https://elliottwave-forecast.com/stock-market/sp500-spx-found-buyers-equal-legs/#:~:text=SPX%204h%20Elliott%20Wave%20Analysis,Indices%20to%20reach%20their%20extremes
4: https://jp.tradingview.com/symbols/SPX500/
USD/JPY
Price Range and Volatility:
According to the analysis on October 10th, after a sharp drop from 150, the USD/JPY price movement has settled within a certain range[1]. Moreover, an analysis on October 9th reports that, disregarding a short-term price drop due to the intervention by the Bank of Japan, the yen has continued to have its price fixed within the range of 148.50 to 150.00[2].
Intervention by the Bank of Japan:
There are reports that the intervention by the Bank of Japan has temporarily strengthened the Japanese yen, with the USD/JPY price breaking through the 148.50 support level and preparing to move below the 147.97 price channel[3].
50-Day Simple Moving Average (SMA):
USD/JPY, following the positive slope of the 50-day simple moving average (SMA), may approach its monthly high (150.16) as it rebounds before its October low (147.29), and as it extends the series of consecutive highs and lows from the beginning of the week[4].
Taking these factors and analyses into account, while the USD/JPY price seems to be continuing its movement within a certain range, there may be short-term price fluctuations occurring due to the intervention by the Bank of Japan and other macroeconomic factors. Furthermore, the movement of the 50-day SMA is showing a positive slope, which might suggest that the currency pair could rise in the short term.
Considering these factors, it is likely that I would buy USD/JPY at the start of the week. And then, before closing positions towards the weekend, by continuously monitoring market trends and macroeconomic factors, I will formulate a strategy to maximize profits and minimize risks.
1: https://www.forex.com/en/market-analysis/latest-research/usd-jpy-dax-analysis-asian-open-2023-10-10/
2: https://www.fx.co/en/analysis/356819#:~:text=Forecast%20for%20USD%2FJPY%20on%20October,00
3: https://www.fx.co/en/analysis/356547#:~:text=Forecast%20for%20USD%2FJPY%20on%20October,also%20automatically%20breach%20the
4: https://www.forex.com/en-us/news-and-analysis/us-dollar-forecast-usdjpy-pending-breakout-of-monthly-opening-range-10-12-2023/#:~:text=USD%2FJPY%20may%20track%20the%20positive,lows%20from%20earlier%20this%20week
EUR/USD
Price Stability:
According to analysis on October 10th, EUR/USD has achieved stability within a volatile environment[1].
Interest Rate Trends:
Prospects concerning the United States’ interest rates and statements from the Federal Reserve’s policy makers are impacting the price movement of EUR/USD[2].
Rising Oil Prices:
The rise in oil prices and interest rate trends are affecting the price of EUR/USD[3].
Predicted Price Range:
The price range for EUR/USD in October is expected to be from 1.04970 to 1.07980[4].
U.S. Inflation Rate:
The U.S. Consumer Price Index (CPI) for September indicates an annual inflation rate of 3.7%, contrary to an expected decrease to 3.6%[5].
Short-Term Price Movements:
Bearish movement is anticipated for EUR/USD on October 15th, 2023, while bullish movement is expected on October 16th[6].
Weekly Price Fluctuations:
According to weekly analysis, the Euro has significantly dropped during the trading week but has shown a substantial rebound on Friday[7].
Considering these factors, it is evident that the price movement of EUR/USD is being impacted by multiple factors, with price stability, interest rate trends, rising oil prices, and the U.S. inflation rate playing crucial roles.
Taking these factors into account, it is likely that I would sell EUR/USD at the start of the week. The trends in interest rates, the rise in oil prices, and the high U.S. inflation rate might potentially exert a negative influence on the price of EUR/USD in the short term. Then, before liquidating positions towards the weekend, by continuously monitoring market trends and macroeconomic factors, I will devise a strategy to maximize profits and minimize risks.
1: https://blog.roboforex.com/blog/2023/10/10/euro-dollar-maintains-a-stable-position-overview-for-october-10-2023/#:~:text=Euro%2FDollar%20Maintains%20a%20Stable%20Position%3A,2023%202%20min%20Forex
2: https://blog.roboforex.com/blog/2023/10/10/euro-dollar-maintains-a-stable-position-overview-for-october-10-2023/
3: https://miltonmarkets.com/markets-analysis/markets-20231003-en/#:~:text=Fundamental%20Analysis%20EURUSD%20Technical%20Analysis,%E3%80%90October%203%2C%202023%E3%80%91
4: https://www.dailyforex.com/forex-technical-analysis/2023/10/eurusd-forecast-october-2023/201632#:~:text=EUR%2FUSD%20Outlook%20for%20October%202023%3A,selling%20added%20additional%20lower%20pressure
5: https://www.fx.co/en/analysis/357357#:~:text=Forecast%20for%20EUR%2FUSD%20on%20October,y%2Fy
6: https://allforecast.com/forex/eurusd/week/#:~:text=On%2015%20Oct,64
7: https://finance.yahoo.com/news/eur-usd-weekly-price-forecast-152227085.html#:~:text=The%20Euro%20has%20broken%20down,to%20have%20a%20major%20bounce
BTC/USD
Inflows of Cryptocurrency Investment Products:
As of October 10, 2023, cryptocurrency investment products have reportedly seen inflows for the second consecutive week, with a total of 78 million dollars reported[1].
Price Forecast:
On the other hand, price predictions suggest that the price of Bitcoin will increase by 19.82% by October 15, 2023, reaching 32,680 dollars[2].
Sideways Price Movement and Potential for Rise:
Moreover, while BTC/USD is showing a sideways movement at 27,670 dollars, it is suggested that there is potential for further rise due to the upward trend in the underlying high and the upward movement of the RSI (Relative Strength Index)[3].
Short-Term Price Forecast:
Furthermore, according to another price forecast, the price of BTC is predicted to rise by 1,373.75 dollars over the next 7 days, reaching 28,310.08 dollars by October 21, 2023[4].
Recent Price Movements:
According to recent market trends, BTC is being traded at 26,831 dollars, showing a slight increase of about 0.10% over the previous weekend, but has fallen by approximately 3% in the preceding 7 days[5].
Considering these factors and market trends, the price of BTC/USD may show a short-term upward trend with certain inflows. However, price declines have also been observed on some recent days, indicating high market volatility.
Taking these factors into account, it is likely that I will buy BTC/USD at the start of the week. Then, before liquidating positions towards the weekend, by continuously monitoring market trends and macroeconomic factors, I will devise a strategy to maximize profits and minimize risks.
1: https://www.fx.co/en/analysis/341818#:~:text=Technical%20Analysis%20of%20BTC%2FUSD%20for,according%20to%20the%20asset%20manager
2: https://coincodex.com/crypto/bitcoin/price-prediction/
3: https://www.fx.co/en/analysis/341848
4: https://bitnation.co/forecast/bitcoin-price-prediction/#:~:text=According%20to%20our%20Bitcoin%20price,may%20go%20in%20the%20future
5: https://coinmarketcap.com/community/articles/652963d6f54a9b46c1874a0c/"
Extraction date & time:
20231014 23:04
This week, the responses have been returned very smoothly. I have been consistently hitting the Like button for smooth responses so far; I wonder if that is related in any way? By the way, as expected, since ChatGPT has ‘chat’ in its name, I feel that we can have progressively deeper conversations as we go along. The way questions are initially posed is also important, though.
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