GBP / CHF is not a major currency. However, since it is a currency pair with a very wide price range, it is very suitable for trend following. It is also suitable for scalping and day trading. Due to the special price movement of the pound, it is recommended that beginners start by learning the habits rather than trading suddenly. Be careful because the movement is extreme.
Recommended for intermediate to advanced Forex. Extreme price movements are likely to occur, so it is possible that all funds will disappear with one shot. Suitable for all trading methods such as swing trading, scalping and day trading. Forex beginners are advised to first learn the habit of pound sterling movements.
Recommended trading time
Trading becomes active when the London market opens. It will be actively traded until the end of the New York market. We do not recommend trading as Asian time is very quiet and lull.
Recommended trading style
Suitable for scalping, day trading and trend following, but especially for trend following. If you fit in, you can get a profit margin as much as you want, so it is highly recommended. However, when I go the other way around, I am completely defeated.
Economic indicators to watch out for
The UK economic indicators are influential and are at a level that greatly moves the market, so let’s take a closer look. The pound is very sensitive and it is important to note that the pound moves significantly around the policy interest rate, GDP and unemployment rate in the UK, and the movement is also extremely troublesome because it fluctuates extremely unlike the euro and the dollar. is.
The Swiss index also rarely moves that much. be aware of unemployment, policy rates, GDP, and more. However, please note that the Swiss index is closely related not only to Switzerland but also to the gold market and the euro area, so it is necessary to pay attention to the euro market.
When the pound moves
The pound is sensitive to British politics and interest rate policies. Knowing the nature of the pound’s extreme price movements rather than economic indicators or politics may be the first step. That is the biggest point to win in this currency pair.
When the Swiss franc moves
Watch out for gold as well as Swiss indicators. Since Switzerland has 40% of its currency as gold, a rise in gold prices could lead to higher asset values, as well as the Swiss franc. In the opposite case, it will fall, so be careful. It is also highly relevant to the euro market. Due to its close geographical and economic implications, it is always necessary to check the market conditions in the euro area. Keep an eye on trends in major countries such as Germany, France and Italy.