“The action that selling and buying stocks with chart 2”
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 09 – 13, 2023,
SPX500: buy
USD/JPY: sell
EUR/USD: sell
BTC/USD: buy
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Results…
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SPX500：
（open：4281.37 – close：4322.38）
USD/JPY：
（open：149.10 – close：149.58）
EUR/USD：（open：1.0552 – close：1.0506）
BTC/USD：（open：27910.15 – close：27017.00）
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ChatGPT (ChatGPT4+Browsing) answer (*excerpt):
"SPX500
Technical Analysis:
According to the analysis for the week of October 6, 2023, SPX500 exhibited a downward trend throughout the week. The index repeatedly kicked at the anticipated target of an index dip at 4212, with a possibility to expand even to the average resistance of 4340, and further, an average resistance of 4400^1.
Monthly Forecast:
It is predicted to start at 4288 at the beginning of October, with a maximum value of 4328 and a minimum value of 3838. By the end of October, it is anticipated to be 4083, forecasting a change of -4.78% for the entire month^2.
Short-term Outlook:
The index is attempting to exceed the monthly highs, and it’s indicated that the upper parallel line is converging at 3958 in the Fibonacci extension of 61.8% of October’s advance^3.
Optimistic View:
There is cautious optimism shown regarding how SPY will respond in October^4.
Signs of Recovery:
The SPX500 has risen by about 6% from the multi-month low registered last week, indicating whether this is merely a recovery from a bear market or something more^5.
Based on this information, the short-term movement of the SPX500 is uncertain, and the market’s technical analysis and fundamental indicators may point in different directions. However, some analyses suggest that SPX500 is showing signs of short-term recovery.
Taking into consideration the information from fundamental and technical analyses, you might consider buying SPX500 at the beginning of the week and liquidating the position by the weekend. According to some analyses, signs of recovery can be seen in the SPX500, and some technical analyses suggest positive movement.
1:https://www.tradingview.com/symbols/SPX500/
2:https://longforecast.com/content/view/35/44#:~:text=S%26P%20500%20predictions%20for%20next,index%20predictions%20for%20November%202023
3:https://www.dailyfx.com/analysis/s-p-500-short-term-outlook-spx500-threatens-breakout-at-monthly-high-20221110.html
4:https://seekingalpha.com/article/4638284-current-view-of-sp500-index-october-2023-edition
5:https://www.dailyfx.com/forex/technical/home/analysis/spx500/2022/01/31/SP-500-Price-Outlook-SPX-Recovery-Levels-Bear-Market-Rebound-SPX-Technical-Trade-Forecast-MBTS1.html
USD/JPY
Assuming a position in USD/JPY from October 9, 2023, to October 13, 2023, I might take a sell position. This year, USD/JPY has shown a bullish trend, with an increase of over 14%, which was due to the rise in yields of U.S. Treasury securities and hawkish policies by the Federal Reserve Board (Fed).
Impact of Interest Rates:
In the fourth quarter of 2023, the possibility of a rise in U.S. interest rates strengthened the USD/JPY. As a result of this impact, the Japanese yen plummeted to its lowest level in 11 months^1.
Technical Factors:
In 2023, USD/JPY is strengthened due to factors such as the outlook for U.S. interest rates and U.S. employment information. Notably, USD/JPY reached the 149.82 level, an 11-month high, and approached the psychological resistance level of 150.00^1.
Possibility of Market Intervention:
Speculation about the Japanese government intervening in the market is being discussed, affecting the movement of USD/JPY. Especially, it’s pointed out that the Japanese government might intervene if the level exceeds 150.00^2.
U.S. Employment Information:
The report on Non-Farm Payroll (NFP) employment in the U.S. affects the movement of USD/JPY. Specifically, the report for September 2023 anticipates employment increasing by 170,000, the unemployment rate dropping from 3.8% to 3.7%, and wage growth rising from 0.2% in the previous month to 0.3%^3.
U.S. Fiscal Policy:
U.S. fiscal policy, especially fiscal spending and the fiscal deficit issue, is affecting the value of the U.S. dollar and, consequently, the price of USD/JPY^1.
Considering these factors, it’s evident that the movement of USD/JPY is significantly influenced by the economic policies of the U.S. and Japan, particularly interest rates and the possibility of market intervention. Moreover, economic data from both countries also impact the movement of USD/JPY, with employment and wage data being crucial factors.
1: https://www.dailyforex.com/forex-technical-analysis/2023/10/usdjpy-technical-analysis-october-3-2023/201747
2: https://www.fpmarkets.com/blog/category/technical-analysis/#:~:text=USD%2FJPY%20Circling%20South%20of%20%C2%A5150,27
3: https://www.forex.com/en-us/news-and-analysis/dax-usdjpy-forecast-two-trades-to-watch-2023-10-6/#:~:text=USD%2FJPY%20rises%20ahead%20of%20the,the%2012th%20straight%20winning%20week
EUR/USD
Medium to Long-Term Outlook:
It is predicted that EUR/USD will reach 1.15 by the end of 2023, and furthermore, it could potentially reach 1.296 if an optimistic scenario unfolds in the future^1. Additionally, Morgan Stanley anticipates that EUR/USD will hit 1.15 by the end of 2023, while Bank of America projects it will reach 1.15 in 2024^2.
Technical Analysis:
EUR/USD is said to have fallen below the support level at the beginning of the year and is plunging to the low point of the 2023 range. In the short term, there is a risk of recovery as Q4 begins, but the outlook is bearish (declining) if it goes below 1.08^3. Moreover, EUR/USD has plummeted near its support from the start of 2023 and has been selling for a consecutive 8 weeks^4.
Weekly Outlook:
According to the weekly outlook as of October 1, 2023, EUR/USD is expected to fall to 1.0500 and may temporarily rise from there, but it is crucial to exceed the neckline of 1.0635^5.
Based on this information, at the start of the week, one might choose to sell positions in EUR/USD, pursuing profit utilizing the bearish market outlook and technical analysis indicators. However, as the weekend approaches, careful monitoring of market trends will be crucial, and adjusting or liquidating positions as necessary will also be considered.
1: https://www.litefinance.org/blog/analysts-opinions/eurusd-forecast-and-price-prediction/#:~:text=Major%20takeaways%20In%20the%20medium,rate%20drops%20during%20market%20instability
2: https://finance.yahoo.com/news/eur-usd-2023-forecast-per-091247624.html
3: https://www.forex.com/en-us/news-and-analysis/euro-technical-forecast-eur-usd-snaps-2023-q4-levels-9-29-2023/#:~:text=Euro%20breaks%20below%20yearly,range%20lows%20this%20week
4: https://www.forex.com/en-us/news-and-analysis/euro-technical-forecast-eur-usd-set-to-snap-2023-9-6-2023/#:~:text=EUR%2FUSD%20plunges%20into%20confluent%20support,off%20the%20yearly%20high
5: https://jp.tradingview.com/symbols/EURUSD/
BTC/USD
I might consider buying BTC/USD at the beginning of next week (2023.10.09) and liquidating the position before the close on the weekend (2023.10.13). The following fundamental and technical factors back this decision:
Expectations of Inflation and Interest Rates:
Cryptocurrencies faced significant headwinds in 2022, but in Q1 2023, inflation is expected to slow down, and the Federal Reserve (FRB) is anticipated to decelerate the pace of rate hikes. Consequently, BTC/USD is expected to rise^1.
Technical Analysis:
The technical analysis of October 4, 2023, indicates that the cryptocurrency industry is experiencing an increase in attacks and thefts, which might be impacting the price of BTC/USD^2. Additionally, BTC/USD is perceived to initiate a substantial upward trend by stabilizing above $28,500, potentially moving towards $30,000 or $32,000^3.
Price Prediction:
The price of BTC on October 9 and 10, 2023, is projected to range from $26,693.11 to $30,711.43 and $26,890.50 to $30,938, respectively^4. On the other hand, another prediction suggests that the price of Bitcoin will decrease by -1.67% to reach $27,467 by October 13, 2023^5.
Considering these factors, because BTC/USD might maintain an upward trend, I might consider buying at the start of the week. However, the market is highly uncertain, and prices can fluctuate significantly due to external influences and unforeseen events. Therefore, any investment decisions should be based on thorough research and a risk management strategy. It is also crucial to continually monitor market conditions and other economic indicators, adjusting strategies as necessary.
1:https://www.dailyfx.com/jp/news/bitcoin-fundamental-q1-forecast-20230101.html
2:https://www.fx.co/en/analysis/341166#:~:text=Technical%20Analysis%20of%20BTC%2FUSD%20for,8%20million%20in%20stolen%20cryptocurrencies
3:https://coinchapter.com/bitcoin-price-prediction-october-2023-why-btc-bulls-need-more-signs-of-trend-change/
4:https://ambcrypto.com/predictions/bitcoin-price-prediction
5:https://coincodex.com/article/33116/daily-market-update-for-october-08-2023/"
Extraction date & time:
20231008 18:56
Although it is incurring significant losses in the cumulative results for BTC/USD, it relates to the trading method I have set. It’s because it’s operating with a setup that does not do any stop-loss in a market that has unusually high volatility compared to others. In any case, I am reminded again of the importance of stop-loss when conducting trades.
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