What is the CHF?

What is the CHF (Swiss Franc)?

The Swiss Franc (CHF) is considered a safe-haven currency thanks to Switzerland's political stability, strong financial system, and persistent current-account surplus. The Swiss National Bank (SNB) frequently comments on exchange rates and may intervene to curb excessive appreciation.

Drivers of CHF

• Risk sentiment: CHF strengthens during global stress as investors seek safety.
• SNB policy: Negative rates and interventions influence direction.
• Eurozone exposure: Swiss exports are closely tied to the euro area.
• Capital inflows: Wealth management and safe-haven demand provide structural support.

Popular CHF Pairs

• USD/CHF: Tracks U.S. policy versus Swiss safe-haven demand.
• EUR/CHF: Reflects Eurozone fundamentals and SNB policy guidance.
• CHF/JPY: Pits two safe-haven currencies against each other.
• GBP/CHF: Sensitive to European political developments.

Practical Playbook

• Define context on higher timeframes, then execute on intraday charts.
• Wait for confirmation (acceptance, momentum, or confluence) before entry.
• Size positions conservatively and place stops at clear invalidation levels.
• Adapt to session dynamics; conditions shift between Asia, London, and New York.

Common Pitfalls

• Forcing trades without alignment across timeframe, structure, and catalyst.
• Ignoring spreads/slippage during news or thin liquidity.
• Moving stops or adding to losers instead of honoring the plan.

Illustrative Example

Build a simple playbook: identify bias, mark key zones/levels, define triggers and invalidation, and pre‑set targets for 2–3R. Journal results by session and setup to refine rules. Over time, consistency—not prediction—drives outcomes.

Practical Playbook

• Define context on higher timeframes, then execute on intraday charts.
• Wait for confirmation (acceptance, momentum, or confluence) before entry.
• Size positions conservatively and place stops at clear invalidation levels.
• Adapt to session dynamics; conditions shift between Asia, London, and New York.

Common Pitfalls

• Forcing trades without alignment across timeframe, structure, and catalyst.
• Ignoring spreads/slippage during news or thin liquidity.
• Moving stops or adding to losers instead of honoring the plan.

Illustrative Example

Build a simple playbook: identify bias, mark key zones/levels, define triggers and invalidation, and pre‑set targets for 2–3R. Journal results by session and setup to refine rules. Over time, consistency—not prediction—drives outcomes.