1. ChatGPT economic forcast

June 26th ~ 30th, 2023 – ChatGPT Economic Forecasts

The action that selling and buying stocks with chart. David Hockney tasted 3

“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 June 19 – 23, 2023,
SPX500: buy
USD/JPY: buy
EUR/USD: buy
BTC/USD: sell
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Results…

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SPX500:buyicon-right(open:4355.32 – close:4450.12)
USD/JPY:buyicon-right(open:143.53 – close:144.29)
EUR/USD:buyicon-right(open:1.0895 – close:1.0910)
BTC/USD:buyicon-worng(open:30374.50 – close:30378.30)
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ChatGPT (ChatGPT4+Browsing) answer (*excerpt):

"SPX500:
According to the latest forecast, the SPX500 is predicted to start at 4221 points at the beginning of June 2023, and reach 4338 points by the end of the month. This prediction indicates an increase of 2.77% in June (*1). Therefore, a strategy of buying the SPX500 at the beginning of the week and selling it at the weekend could potentially be profitable if this forecast is correct. However, this strategy disregards the risks of market volatility and other unforeseen events.

USD/JPY:
The latest forecast predicts that the rate of USD/JPY will be 145.182 in July 2023, 146.634 in August, and 148.569 in September, showing a rising trend each month. However, it is predicted to drop to 143.28 in October (*2). Based on this, a strategy of buying USD/JPY at the beginning of the week and selling it at the weekend could also be profitable. However, this too does not take into account the risks of market volatility and unforeseen factors.

EUR/USD:
According to technical analysis, the current price of EUR/USD is 1.094 and it is predicted that EUR/USD will rise to 1.133 by the end of this year. Based on this information, if you plan to liquidate your position by the weekend, you may consider buying EUR/USD at the beginning of the week. The channel is still intact, and it is predicted that EUR/USD will quickly return to the channel even after it temporarily reaches parity. If the price hits the bottom of the channel, it could present a significant buying opportunity (*3).

BTC/USD
Looking at the current (June 2023) major economic indicators and market trends, there is a prediction that the S&P 500 will rise from 4221 at the beginning of June to 4338 by the end (*4). Also, USD/JPY is seen to have a rising trend from June to October, with a particularly strong rise to 148.569 predicted in September (*5). Furthermore, EUR/USD is also predicted to reach 1.133 by the end of the year (*6). These indicators generally suggest a healthy economy, in which case, investors tend to concentrate their investments in traditional assets and withdraw funds from riskier assets like Bitcoin. Therefore, the price of Bitcoin could potentially fall. Based on this information, I think it’s highly likely I’ll sell Bitcoin next week. The reason is that the robustness of the economy may steer investors towards traditional assets, possibly withdrawing funds from Bitcoin."

*
1: https://longforecast.com/sp-500-index-forecast-2017-2018-2019
2: https://pandaforecast.com/forex/usdjpy/for2023/
3: https://www.forexlive.com/technical-analysis/eurusd-price-forecast-1133-by-the-end-of-2023-20230616/
4: https://longforecast.com/sp-500-index-forecast-2017-2018-2019
5: https://pandaforecast.com/forex/usdjpy/for2023/
6: https://www.forexlive.com/technical-analysis/eurusd-price-forecast-1133-by-the-end-of-2023-20230616/

Extraction date & time:

20230624 00:05

This week I received a response from ChatGPT earlier than usual because I’m busy on the weekend. Not necessarily because of that, but the exchange was smoother than ever. It might be my imagination, but it also feels like the responses are becoming even smoother than before… It might just be that I’m getting used to how ChatGPT responds.

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How I ask AI questions & about ChatGPT economic forcast

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