Vantagepoint AI Market Outlook for February 20, 2023

Welcome to the Artificial Intelligence Outlook for Forex trading. VIDEO TRANSCRIPT U.S. Dollar Index ($DXY) U.S. Dollar Index ($DXY) Hello everyone and welcome back. My name is Greg Firman and this is the VantagePoint AI Market Outlook for the week of February the 20th, 2023. Now, to get started this week, we’ll begin where we always do with that very important US dollar index. Now, the dollar attempting to make a bullish move, but just as long as we’re clear and understand why the dollar is advancing. As the Fed continues to flip-flop, the data’s coming in a little hotter than expected, so it’s opened the door to potentially more rate hikes. That’s what the market is now confused by, because again, the CPI’s still elevated. PPI is still elevated. Again, this is fundamental of interest rates is what’s, again, pushing the dollar up. Now, the Fed may come out next week and clarify a few points, or you’re going to have more media chatter about red Fed fund rates, whether they’re going higher, going lower, but it’s important that we understand that the fundamental picture of this may be changing. In my respectful opinion, only the dollar would strengthen at this time of year anyway, guys, whether it be because of the Fed, because of a risk off scenario with China or Russia. Either way, the dollar usually does very well between February and the end of March, approximately maybe a bit into April, but you’re still going to have your ups and downs. When we look at this current situation, you can see the yearly opening price, they’re trying to close, but again, a rather weak close actually on Friday. 103.64, we’re trying to make a push higher, but again, some very, very significant resistance up here. That’s going to come in at the verified resistance high at 105 and even stronger verified resistance at 105.82. But for now, the first thing we need to do is hold above that very important T-cross long. The T-cross long coming in at 103.19. Of course, the yearly opening price, which is critical at this point, which is sitting right there at 103.57. As you can see, at the present time, the dollar is not really quite as bullish as what it would appear. The neural index strength is actually pointing down when the market is trying to move up. Neural index is still high, but the RSI, there’s not a lot of momentum up here and the key tool that we want to look here is the medium term crossing the long term predicted difference, saying that there isn’t a lot of momentum here. Once again, we’ll keep a very close eye on interest rates, but as long as we’re above the yearly opening price and the T-cross long, the dollar could potentially extend to 105, 105.85, but you can see this dark red highlighted verified zone in here, and that’s a very, very dark, ominous cloud hanging over the dollar. Gold Gold Now, when we cross reference this to gold using intermarket correlations, it’s certainly no coincidence that we’ve stopped. Gold has stopped dead on its tracks at the yearly opening price at 18.24. The neural index strength is actually starting to rise here. The medium term crossing the long term predicted difference, the medium term trend to the downside is weakening. Again, this points potentially that the dollar is not as strong as what the media is telling us that it is. Again, we look to these intermarket correlations to clarify these points. Now again, with that neural index strength pointing up, that’s very interesting. Our neural index is turned down after an extended long period, a very accurate period I might add, of the dollar holding below, breaking down below the vantage point, T-cross long, and then consistently moving lower. But if gold is going to turn higher, then always remember that gold and the dollar can move up and down together, particularly during a risk off scenario or an environment. Once again, we’ll continue to monitor this, but for next week, 1824 on gold is an absolute critical level. In most cases, gold seasonal patterns usually pick up speed end of March, early April. There is potential for more downside, but the dollar would have to strengthen. Again, the indicators right now are not confirming that. Crude Oil Crude Oil Now, as we look at light sweet, crude oil going into next week, once again, the market is moving into the yearly opening price that’s coming in at 80.78 and having multiple failures at that particular point. We’ve closed down below the T-cross long, 78.32, so that’s your resistance to start the week. We do have an MA death cross that has occurred on Thursday. You can see that that’s pointing down. The predicted RSI breaking below the 40 level. This is pointing to further weakness in oil contracts, so we’ll continue to monitor this into next week. But again, as long as you know your levels, guys, and again, the T-cross long, that’s coming in at 78.32, our monthly opening price, 79.16 and the yearly opening price, which will be approximately 80.73. We’re below all three of these very strong levels, and the VP indicators are saying that there’s more losses ahead for oil. Bitcoin Bitcoin Now, when we look at Bitcoin, Bitcoin once again defying the slight sell-off in the equity markets this past week. Very, very interesting. Ultimately, what I would love to see is Bitcoin become its own asset class. Right now, Bitcoin is about 98% correlated to the global stock indexes. It falls into that risk on category, but right now, you can see that there’s a bit of resistance here starting to build around 25,238. But just remember, guys, the media pundits told you that Bitcoin was going to 12,000 in the first quarter. It went completely the opposite way. The second stocks reversed higher, Bitcoin followed up with it. But again, a very interesting week last week where I’m yet to really see this where Bitcoin went higher and the stock market went lower and the dollar also went higher. I’m going to chalk this up to a holiday short week that the price action from last week may not be completely accurate because we’re going into a holiday Monday, President’s Day, I believe in the US and Family Day in Canada. The North American markets, the Monday, Tuesday reversal that we usually look for, we would push everything from Tuesday to Wednesday next week, because again, the North American markets are not really fully active on Monday. Euro versus U.S. Dollar Euro versus U.S. Dollar Now, when we look at Euro US, Euro US, you’ve got a lot of support building here. Now, this could be potentially a trending move, but the indicators from VantagePoint are very, very mixed here. We’re below the T-cross long at 107.44 and the yearly opening price at 107.04, but we’re still not getting a breakout close here where we make a strong push away from the yearly and the T-cross opening price. That coming in at 107.44, so short while below 107.44, but we don’t want to run large stops on this because again, the dollar has been very misleading this year so far, to say the least, didn’t have a good January at all, and it’s struggling to turn positive on the year. Even at the end of this week, the dollar is barely even positive on the year. If the breakout is coming, then we must hold below these levels on Euro US, and we must hold above the levels on the dollar index. U.S. Dollar versus Swiss Franc U.S. Dollar versus Swiss Franc Now, when we look at US Swiss franc going into next week, again, if the dollar, and that’s a very big if. The dollar can break out to the upside, then US Swiss franc is likely to follow. Again, we’ll look at the long predicted, 92.36, the T-cross long 92.22 is critical, but the yearly opening at 92.51, we need to get above all of these levels and stay above these levels. We don’t want to throw 50 different indicators at disguise. We’ve got to look at the fundamentals of this. What is the Fed going to do? Because again, the little bit of a bump the dollar got this past week was strictly because of the inflation data and it’s reignited the argument of more Fed rate hikes. Again, in my respectful opinion only, if inflation is still going higher and you’ve hiked this many times, then maybe that’s not working. Right? It’s going to be very interesting to see what the Fed’s next move is here, because I would think that the media pundits would start questioning some of this. But right now, the predicted differences are above the zero line. But you can see, we’ve got a caution on the neural index. Neural index strength is actually pointing down, so it’s not looking as though the dollar is going to make a big move up. But if it does, then we would immediately buy US Swiss franc. We would have that opportunity of a place of value to buy dollars, but I just don’t think at this time, we’re there quite yet. British Pound versus U.S. Dollar British Pound versus U.S. Dollar Now, the British pound, still struggling here again and rightfully so, but when we look at this, we’ve had a pretty good breakdown here. But when we look at our T-cross long, 121.35 and the yearly opening price at 120.97. That’s where your resistance is for next week. If we hold below this, then the pound would be likely… We would be looking for a move lower, but we must stay below these levels. At this time, the yearly opening price on a number of the 4x payers, the US dollar index, it really is a powerful tool to use because we’re just simply trying to determine if it’s positive or negative on the year. Right now, the British pound is still negative on the year, but the close for the week at 120.42, we’re still easily within striking distance of the yearly opening price and the T-cross long. The key thing is understand where those resistance levels are. The predicted differences are actually rising, so is the predicted RSI and also the neural index strength indicator. Again, remember, Tuesday, Wednesday. Wednesday, we’re going to get a much better idea where our price is going. But the key thing is if you know your levels, then you can get out in front of this, because again, this is an outlook, guys, not a recap of something that’s already happened. U.S. Dollar versus Japanese Yen [Image] Hi Gang! Please Enjoy Today's Investing Tips and Resources... Join the "Trade LIVE Challenge" and win over $1,000 in cash and prizes! [Enter Your Information Here]( [Vantagepoint AI Market Outlook for February 20, 2023]( Welcome to the Artificial Intelligence Outlook for Forex trading. VIDEO TRANSCRIPT U.S. Dollar Index ($DXY) U.S. Dollar Index ($DXY) Hello everyone and welcome back. My name is Greg Firman and this is the VantagePoint AI Market Outlook for the week of February the 20th, 2023. Now, to get started this week, we’ll begin where we always do with that very important US dollar index. Now, the dollar attempting to make a bullish move, but just as long as we’re clear and understand why the dollar is advancing. As the Fed continues to flip-flop, the data’s coming in a little hotter than expected, so it’s opened the door to potentially more rate hikes. That’s what the market is now confused by, because again, the CPI’s still elevated. PPI is still elevated. Again, this is fundamental of interest rates is what’s, again, pushing the dollar up. Now, the Fed may come out next week and clarify a few points, or you’re going to have more media chatter about red Fed fund rates, whether they’re going higher, going lower, but it’s important that we understand that the fundamental picture of this may be changing. In my respectful opinion, only the dollar would strengthen at this time of year anyway, guys, whether it be because of the Fed, because of a risk off scenario with China or Russia. Either way, the dollar usually does very well between February and the end of March, approximately maybe a bit into April, but you’re still going to have your ups and downs. When we look at this current situation, you can see the yearly opening price, they’re trying to close, but again, a rather weak close actually on Friday. 103.64, we’re trying to make a push higher, but again, some very, very significant resistance up here. That’s going to come in at the verified resistance high at 105 and even stronger verified resistance at 105.82. But for now, the first thing we need to do is hold above that very important T-cross long. The T-cross long coming in at 103.19. Of course, the yearly opening price, which is critical at this point, which is sitting right there at 103.57. As you can see, at the present time, the dollar is not really quite as bullish as what it would appear. The neural index strength is actually pointing down when the market is trying to move up. Neural index is still high, but the RSI, there’s not a lot of momentum up here and the key tool that we want to look here is the medium term crossing the long term predicted difference, saying that there isn’t a lot of momentum here. Once again, we’ll keep a very close eye on interest rates, but as long as we’re above the yearly opening price and the T-cross long, the dollar could potentially extend to 105, 105.85, but you can see this dark red highlighted verified zone in here, and that’s a very, very dark, ominous cloud hanging over the dollar. Gold Gold Now, when we cross reference this to gold using intermarket correlations, it’s certainly no coincidence that we’ve stopped. Gold has stopped dead on its tracks at the yearly opening price at 18.24. The neural index strength is actually starting to rise here. The medium term crossing the long term predicted difference, the medium term trend to the downside is weakening. Again, this points potentially that the dollar is not as strong as what the media is telling us that it is. Again, we look to these intermarket correlations to clarify these points. Now again, with that neural index strength pointing up, that’s very interesting. Our neural index is turned down after an extended long period, a very accurate period I might add, of the dollar holding below, breaking down below the vantage point, T-cross long, and then consistently moving lower. But if gold is going to turn higher, then always remember that gold and the dollar can move up and down together, particularly during a risk off scenario or an environment. Once again, we’ll continue to monitor this, but for next week, 1824 on gold is an absolute critical level. In most cases, gold seasonal patterns usually pick up speed end of March, early April. There is potential for more downside, but the dollar would have to strengthen. Again, the indicators right now are not confirming that. Crude Oil Crude Oil Now, as we look at light sweet, crude oil going into next week, once again, the market is moving into the yearly opening price that’s coming in at 80.78 and having multiple failures at that particular point. We’ve closed down below the T-cross long, 78.32, so that’s your resistance to start the week. We do have an MA death cross that has occurred on Thursday. You can see that that’s pointing down. The predicted RSI breaking below the 40 level. This is pointing to further weakness in oil contracts, so we’ll continue to monitor this into next week. But again, as long as you know your levels, guys, and again, the T-cross long, that’s coming in at 78.32, our monthly opening price, 79.16 and the yearly opening price, which will be approximately 80.73. We’re below all three of these very strong levels, and the VP indicators are saying that there’s more losses ahead for oil. Bitcoin Bitcoin Now, when we look at Bitcoin, Bitcoin once again defying the slight sell-off in the equity markets this past week. Very, very interesting. Ultimately, what I would love to see is Bitcoin become its own asset class. Right now, Bitcoin is about 98% correlated to the global stock indexes. It falls into that risk on category, but right now, you can see that there’s a bit of resistance here starting to build around 25,238. But just remember, guys, the media pundits told you that Bitcoin was going to 12,000 in the first quarter. It went completely the opposite way. The second stocks reversed higher, Bitcoin followed up with it. But again, a very interesting week last week where I’m yet to really see this where Bitcoin went higher and the stock market went lower and the dollar also went higher. I’m going to chalk this up to a holiday short week that the price action from last week may not be completely accurate because we’re going into a holiday Monday, President’s Day, I believe in the US and Family Day in Canada. The North American markets, the Monday, Tuesday reversal that we usually look for, we would push everything from Tuesday to Wednesday next week, because again, the North American markets are not really fully active on Monday. Euro versus U.S. Dollar Euro versus U.S. Dollar Now, when we look at Euro US, Euro US, you’ve got a lot of support building here. Now, this could be potentially a trending move, but the indicators from VantagePoint are very, very mixed here. We’re below the T-cross long at 107.44 and the yearly opening price at 107.04, but we’re still not getting a breakout close here where we make a strong push away from the yearly and the T-cross opening price. That coming in at 107.44, so short while below 107.44, but we don’t want to run large stops on this because again, the dollar has been very misleading this year so far, to say the least, didn’t have a good January at all, and it’s struggling to turn positive on the year. Even at the end of this week, the dollar is barely even positive on the year. If the breakout is coming, then we must hold below these levels on Euro US, and we must hold above the levels on the dollar index. U.S. Dollar versus Swiss Franc U.S. Dollar versus Swiss Franc Now, when we look at US Swiss franc going into next week, again, if the dollar, and that’s a very big if. The dollar can break out to the upside, then US Swiss franc is likely to follow. Again, we’ll look at the long predicted, 92.36, the T-cross long 92.22 is critical, but the yearly opening at 92.51, we need to get above all of these levels and stay above these levels. We don’t want to throw 50 different indicators at disguise. We’ve got to look at the fundamentals of this. What is the Fed going to do? Because again, the little bit of a bump the dollar got this past week was strictly because of the inflation data and it’s reignited the argument of more Fed rate hikes. Again, in my respectful opinion only, if inflation is still going higher and you’ve hiked this many times, then maybe that’s not working. Right? It’s going to be very interesting to see what the Fed’s next move is here, because I would think that the media pundits would start questioning some of this. But right now, the predicted differences are above the zero line. But you can see, we’ve got a caution on the neural index. Neural index strength is actually pointing down, so it’s not looking as though the dollar is going to make a big move up. But if it does, then we would immediately buy US Swiss franc. We would have that opportunity of a place of value to buy dollars, but I just don’t think at this time, we’re there quite yet. British Pound versus U.S. Dollar British Pound versus U.S. Dollar Now, the British pound, still struggling here again and rightfully so, but when we look at this, we’ve had a pretty good breakdown here. But when we look at our T-cross long, 121.35 and the yearly opening price at 120.97. That’s where your resistance is for next week. If we hold below this, then the pound would be likely… We would be looking for a move lower, but we must stay below these levels. At this time, the yearly opening price on a number of the 4x payers, the US dollar index, it really is a powerful tool to use because we’re just simply trying to determine if it’s positive or negative on the year. Right now, the British pound is still negative on the year, but the close for the week at 120.42, we’re still easily within striking distance of the yearly opening price and the T-cross long. The key thing is understand where those resistance levels are. The predicted differences are actually rising, so is the predicted RSI and also the neural index strength indicator. Again, remember, Tuesday, Wednesday. Wednesday, we’re going to get a much better idea where our price is going. But the key thing is if you know your levels, then you can get out in front of this, because again, this is an outlook, guys, not a recap of something that’s already happened. U.S. Dollar versus Japanese Yen [Continue Reading...]( [Vantagepoint AI Market Outlook for February 20, 2023]( And, in case you missed it: - [STOCK TIPS FOR FEBRUARY 22 2023]( - [WiseTech [ASX:WTC] Shares Rise on ‘Strong Growth and Margin Expansion’]( - [Oz Minerals [ASX:OZL] Flags Lower Profit on Weak Sales and Copper Price]( - [Interest Rate & Recession Fears Suppress Pre-Election Year Bullishness in February]( - [Ethanol in Diesel]( - FREE OR LOW COST INVESTING RESOURCES - [i]( [i]( [i]( [i]( Sponsored [How He Bagged One Of The Top Trading Records…]( A reclusive millionaire has been quietly racking up winning trade after winning trade. Despite avoiding most headlines, he’s become one of the most successful traders around - over the last 8 years, he’s banked a 97% win rate. How does he do it? He sat down for a rare interview where he revealed it all. [Click HERE to see how he’s done it…]( [Privacy Policy/Disclosures]( - CLICK THE IMAGE BELOW FOR MORE INFORMATION - [i]( Good Investing! T. D. Thompson Founder & CEO [ProfitableInvestingTips.com]() ProfitableInvestingTips.com is an informational website for men and women who want to discover investing and trading products and strategies to educate themselves about the risks and benefits of investing and investing-related products. DISCLAIMER: Use of this Publisher's email, website and content, is subject to the Privacy Policy and Terms of Use published on Publisher's Website. Content marked as "sponsored" may be third party advertisements and are not endorsed or warranted by our staff or company. The content in our emails is for informational or entertainment use, and is not a substitute for professional advice. Always check with a qualified professional regarding investing and trading guidance. Be sure to do your own careful research before taking action based on anything you find in this content. If you no longer wish to receive our emails, click the link below: [Unsubscribe]( Net Wealth Consultants 6614 La Mora Drive Houston, Texas 77083 United States (888) 983-9123