GBP/CHF Forecast & Technical Analysis Switzerland – KOF Economic Barometer On Wednesday, at GMT 7:00 a.m., the KOF Economic Research Agency will release its economic barometer index. It measures the changes in the level of a composite index. The KOF develops this composite index by analyzing 219 different economic indicators. Hence, UK forex brokers consider […]read more
Forecast & Technical Analysis
What is the GBPCHF?
GBPCHF is a widely traded currency pair in the Forex market. The pair represents the value of the British Pound against the Swiss Franc. For example, if GBP/CHF current quote is 1.1930 you will need 1.1930 Swiss Francs to buy one British Pound. Since the pair does not involve the US dollar it falls in the category of minor currency pairs. However, both the British Pound and Swiss Franc are among the top 7 traded currencies therefore GBPCHF also provides high liquidity and volatility to the Forex traders.
The leverage ratio for the pair varies from broker to broker but it typically starts from 1:100 and goes as high as 1:500. The standard lot size is 100,000 and like any other Forex pairs, you can trade the GBP/CHF in micro and mini lots as well. The pip value in US dollars on a standard lot is 10.96 while in British Pound it is 8.41.
GBPCHF Trading Range
The GBP/CHF has a very reasonable intraday trading range of 50 to 80 pips which is suitable for any style of trading. If you are a day trader, you can analyze the technical levels and easily achieve your intraday targets. If you are a scalper GBP/CHF has enough volatility to enter and exit in a very short timeframe. The pair also present equal opportunities to swing traders who like to trade on a broader range and hold their positions overnight or even for weeks.
GBP/CHF is an important pair in the Forex market, the British Pound servers as a premium reserve currency in the world while the Swiss Franc maintains a safe-haven status. The pair’s other fundamentals remain more or less similar to any other Forex pairs however, in the current economic environment GBP/CHF is more sensitive to post Brexit-related news.
BrokerTrending provides you with the latest British Pound(GBP) to Swiss Franc (CHF) forecasts. Find here a technical analysis on a weekly basis on the currency pair GBP/CHF.