“Charts and Bull”
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 24-28, 2023,
SPX500: sell
USD/JPY: buy
EUR/USD: buy
BTC/USD: no position
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Results…
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SPX500：buy
（open：4131.26 – close：4171.81）
USD/JPY：buy
（open：133.96 – close：136.27）
EUR/USD：buy（open：1.0988 – close：1.1016）
BTC/USD：buy（open：27489.90 – close：29339.70）
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ChatGPT (via ChatSonic’s API) answer (*excerpt):
"…Based on the current market conditions and the analysis of the available data, I recommend selling the SPX500 at the beginning of the week. According to [1], the US private sector has expanded in April, which supports the expectation that the Federal Reserve will continue to raise interest rates, thus benefiting the dollar. However, the Japanese yen may still gain support from the expectation that the Bank of Japan could begin to phase out its stimulus program later in the year. Therefore, traders should await follow-through buying before positioning themselves.
For the USD/JPY pair, I recommend buying at the beginning of the week. As per [2], the pair has a close correlation with U.S. Treasuries, with rising yields causing the yen to weaken relative to the dollar. With the expectation that the Federal Reserve will continue to raise interest rates, it is likely that the USD/JPY pair will move in a favorable direction. However, traders should be mindful of the Bank of Japan’s stimulus program, as its phasing out could lead to a strengthening of the yen.
Similarly, for the EUR/USD pair, I recommend buying at the beginning of the week. The direction of this pair is also determined by the direction of interest rates, as per [2]. With the expectation that the Federal Reserve will continue to raise interest rates, it is likely that the EUR/USD pair will move in a favorable direction. However, traders should also be mindful of the economic conditions in the Eurozone, as they could impact the value of the euro.
I advise against taking a position in BTC/USD due to its high volatility, as mentioned in our previous conversation. As per [3], Forex trading involves risk, and traders should carefully consider whether trading is appropriate for them based on their personal circumstances. Therefore, it is advisable to avoid trading assets with high volatility, such as BTC/USD, to minimize the risk of losses.
To summarize, I recommend selling the SPX500 and buying the USD/JPY and EUR/USD at the beginning of the week. It is important to close all positions before the close of the weekend to minimize the risk of losses. Traders should also be mindful of the underlying economic and political conditions that could impact the value of these assets.
References:
[1] USDJPY Forecast, News and Analysis
[2] U.S. Dollar and Japanese Yen: An Interesting Partnership
[3] US dollar Price Setup This Week: EUR/USD, GBP/ …"
Extraction date & time:
20230424 00:27
Based on the previous reflection, I instructed AI to focus on the fundamentals from this time. Of course, he answers faithfully. Note that there was also a response of no position, but that should be x.
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