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This week’s trading opportunity focuses on a short position in USD/JPY, following strong GDP data from Japan that has strengthened the yen. The recommendation is to sell at around ¥152.60, with a stop-loss set above last week's high of ¥154.80 and a target near ¥140.80.
In a review of the "Trade of the Week" over the past six years, an average annual return of 19% was achieved, with consistent profitability even during the Covid pandemic. In 2024, a hypothetical profit of 31.45% was recorded, maintaining a disciplined approach by risking only 2% of capital and allowing profits to run while cutting losses short.
In 2024, a trading strategy achieved a hypothetical return of 31.5% year-to-date, starting with an account of £10,000, which increased by £3,145. The approach involved risking only 2% of capital per trade, allowing for effective loss management while letting profits run, resulting in 21 winning trades against 20 losses.
IG's 'Trade of the Week' achieved a hypothetical gain of 31.45% in 2024, despite only half of the trade setups being profitable. By risking no more than 2% of capital per trade and maintaining a positive risk-reward ratio, the analysts demonstrated effective risk management, resulting in a significant year-end profit.
In the latest trading update, a long trade on the Australian dollar against the US dollar faced challenges, nearing a stop loss but ultimately closing with a loss. Despite some negative trades earlier in the year, the overall performance for "Trade of the Week" concluded with a 31.45% return on investment, achieving 21 winning trades against 20 losses while risking only 2% of capital per trade.
This week’s trading opportunity focuses on a long position in USD/JPY, as the pair remains above the 200-day simple moving average and is expected to rally further. A stop loss is set at ¥151.30, with an upside target just below ¥160.00. Previous trades included a short position in cotton futures and WTI crude oil, with the latter still in play as prices trend downwards.
This week’s trading strategy focuses on shorting West Texas Intermediate (WTI) crude oil futures as they approach a key resistance area. Traders plan to sell at resistance levels of 71.00 to 71.50, with a stop-loss set at 72.50 and a downside target of 67.00. The recent experience with Arabica Coffee futures underscores the importance of disciplined risk management in the volatile futures market.
Spot gold is projected to reach $2,900 per ounce by year-end and trade between $3,000 and $3,113 in Q1 2025, according to market analyst Axel Rudolph. Despite recent fluctuations, gold remains in a long-term uptrend, supported by central bank purchases, particularly from China. If gold surpasses the $3,000 mark, it could target $3,113 and potentially $4,000 in the future.
This week’s trading opportunity focuses on going long Arabica coffee futures, as the market shows signs of bouncing off support, indicating a potential resumption of the long-term uptrend. A stop loss is recommended below recent lows at 242.70, with an upside target set at 272.00.
This week’s trading opportunity focuses on going long GBP/USD, targeting entry around 1.3027. Following a steady uptrend since April, the pound experienced a pullback below 1.30 but shows signs of recovery, supported by positive divergence on daily stochastic indicators. A stop loss is set at 1.2950 to manage risk effectively.
Axel Rudolph
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
shorting usd jpy as japanese economy shows strength
13:45 17.02.2025
average annual return of 19 percent highlights successful trading strategy
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strategies for achieving 31 percent returns with disciplined risk management
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hypothetical trading strategy achieves 31 percent gain with disciplined risk management
12:29 23.12.2024
End of Year Trading Results Show 31.45 Percent Profit Despite Challenges
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usd jpy long trade opportunity with target near psychological level
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shorting wti crude oil futures as resistance levels approach
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long arabica coffee futures recommended as market shows signs of recovery
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New York cotton
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04:20 29.10.2024
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