Switzerland 20
Switzerland 20 chart
Switzerland 20 market insights
Pivot points are a technical indicator that traders use to predict upcoming areas of technical significance, such as support and resistance. They're calculated by averaging the high, low and closing prices of a previous period. That could be a day, a week or a month.
If a market is trading above its previous pivot point (known as P), it is seen as a bullish signal. If it is below, it is bearish.
Support and resistance levels are a core part of technical analysis, providing crucial insight into possible future price reversals.
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When it comes to trading, it’s just as important to assess your own behaviours as well as the market’s. More than a modern-day trading journal, simply log into our trading platform and select the Performance Analytics tab for in-depth insights on your strengths and weaknesses.
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Switzerland 20 details
The Switzerland 20 is FOREX.com’s name for the Swiss Market Index (SMI), also known as the Swiss 20. The Switzerland 20 includes the 20 most valuable blue-chip stocks traded on the Basel, Geneva and Zurich stock exchanges. The index contains mostly large-cap stocks representing the most liquid Swiss companies such as Nestle, Roche, Novartis International and Credit Suisse. The index is evaluated once a year. The Switzerland 20 was established in 1988 at a baseline value of 1,500. It first surpassed 10,000 points in July 2019 and reached a high of 13,000 points in December 2021.
| Margin from | 5.0 % |
| Min trade size | 1 |
| Long | 0 |
| Short | 0 |
| Min stop distance | 0.0 Points |
| Guaranteed order minimum | 20 Points |
Spreads
| Spreads from | 4.0 Points |
Margins
| 0 - 1,100 | 5.0 % |
| 1,100 - 1,600 | 7.5 % |
| 1,600 + | 10.0 % |
Dealing
| Spreads from | 4.0 Points |
Margins
| 0 - 1,100 | 5.0 % |
| 1,100 - 1,600 | 7.5 % |
| 1,600 + | 10.0 % |
Indices explained
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Discover everything you need to know about stock indices, including how to trade them and which markets are available to you.
Why trade indices?
Trading indices enables you to get exposure to an entire economy or sector with one single position, instead of opening multiple trades across several companies.
How to trade indices
Want to know how to trade an index using CFDs? This section breaks down every aspect of your first trade.