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About CHF currency

  • #1
  • First Post: Sep 1, 2023 8:17am Sep 1, 2023 8:17am
Hello all,

New to Forex trading and writing to see if anyone here have good experience with CHF currency? Correct me if wrong, but I grew up thinking CHF to be considered safe hedge currency. But with recent Swiss bank and Poland Swiss franc mortgages issues..Is it still safe or less so?

If so, I am looking into going long on CHF pairs.

Thank you.
  • #2
  • Sep 5, 2023 7:50am Sep 5, 2023 7:50am
It is highly corelated nowadays to the EUR with a theoretic peg at 1 although for years it hasn't been respected no more . In my opinion you shouldn't look to much at CHF
  • #3
  • Sep 6, 2023 5:59pm Sep 6, 2023 5:59pm
Quoting MickyMouseFX
It is highly corelated nowadays to the EUR with a theoretic peg at 1 although for years it hasn't been respected no more . In my opinion you shouldn't look to much at CHF
Thanks for your input but it sounds cool to have Swiss Franc and trade them like rich Swiss banker lol
  • #4
  • Sep 7, 2023 2:27am Sep 7, 2023 2:27am
Quoting xyzvector
Hello all, New to Forex trading and writing to see if anyone here have good experience with CHF currency? Correct me if wrong, but I grew up thinking CHF to be considered safe hedge currency. But with recent Swiss bank and Poland Swiss franc mortgages issues..Is it still safe or less so? If so, I am looking into going long on CHF pairs. Thank you.

What do you mean by safe? If you are not going to hold funds on Swiss bank then I see no difference in price characteristics between CHF pairs or others. It also fluctuates up and down, but maybe it's a bit more resistance to dollar strengthening but it depends on the period though.
  • #5
  • Last Post: Jan 7, 2024 9:22am Jan 7, 2024 9:22am
new to trading what are your predictions on CHF regarding to tummorows CPI
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