“Charts and Investments, Blue 5”
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 May 29 – June 2, 2023,
SPX500: buy
USD/JPY: sell
EUR/USD: buy
BTC/USD: sell
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Results…
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SPX500：buy 
（open：4226.18 – close：4280.96）
USD/JPY：sell （open：140.57 – close：139.97）
EUR/USD：sell 
（open：1.07196 – close：1.07056）
BTC/USD：sell （open：27557.40 – close：27157.60）
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ChatGPT (ChatGPT4+Browsing) answer (*excerpt):
"Based on the information I have gathered, I will summarize a hypothetical trading strategy. This is not investment advice, but an analysis based on currently available information.
SPX500:
Past interest rate hikes, regional bank problems, and weak earnings are impacting market sentiment, and the SPX500 is expected to slightly decline by the end of this year (*1). Additionally, the S&P500’s forecasted P/E ratio for the past 12 months is 19, which is relatively high compared to 17 at the end of 2022 (*1). Given these circumstances, it might be appropriate to take a selling position in the SPX500.
USD/JPY:
USD/JPY is continuing its recent uptrend, currently exceeding the psychological level of 140.00 (*2). This seems to be due to the rise in the U.S. Consumer Price Index and the corresponding outlook for Federal Reserve rate hikes, as well as the more dovish stance of the Bank of Japan (*2). Based on this information, it might be appropriate to take a buying position in USD/JPY.
EUR/USD: The EUR/USD exchange rate is expected to fluctuate within a range of 1.04 – 1.19 USD in 2023. The following week is expected to be traded within a range of 1.06 – 1.08 USD, settling within a range of 1.05 – 1.06 USD in the following week. Based on this information, you might consider taking a short-term selling position on EUR/USD.
BTC/USD:
The current price of Bitcoin is about $27,100, based on the 55-day simple moving average (**123). If it can break through the resistance at $27,480, further increases are expected.
Bitcoin has risen more than 60% since 2023, but for Bitcoin to reach a new high, it is believed that U.S. inflation needs to be controlled. Additionally, a strong inverted yield curve may suggest that the U.S., Europe, and other major economies could face a potential recession. These macroeconomic factors, particularly inflation, may deter many investors from entering the market (**3).
However, the Bitcoin halving scheduled for April 2024 has the potential to significantly boost the price. The halving cuts the supply of newly issued Bitcoins in half, which can push up prices if demand continues (**3).
If inflation subsides and regulations regarding digital assets become clearer, Bitcoin could reach $38,000 by the end of the year. However, if high inflation continues, Bitcoin could return to its lowest price of the year (**3).
Based on the above information, if I were a hedge fund trader, considering the current price trend of Bitcoin and the macroeconomic situation, I would choose to buy Bitcoin next week. This is because there is a possibility that Bitcoin could break through resistance and start a new uptrend.
However, this is just a scenario for fun, please do not use it for real investment decisions."
*
1: https://www.reuters.com/markets/us/sp-500-seen-dipping-between-now-year-end-2023-05-23/
2: https://www.fxstreet.com/news/usd-jpy-hits-fresh-ytd-peak-amid-stronger-us-pce-data-led-modest-usd-uptick-202305261324
**
BTCUSD
1: https://www.livebitcoinnews.com/bitcoin-price-analysis-btc-eyes-another-increase-to-30k/
2: https://www.cryptopolitan.com/bitcoin-price-analysis-2023-05-28/
3: https://finance.yahoo.com/news/bitcoin-tear-2023-heres-where-123000648.html?guccounter=1
Extraction date & time:
20230528 22:37
Continuing to use ChatGPT4+Browsing. It seems that in a single chat, it just couldn’t find the time to search for information about BTCUSD, so I divided the questions into separate chats. Therefore, only that part of the answer is longer.
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