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Exotic currency pair - EUR/CHF

Discussion started on General Forex Discussion

Noviarini


Exotic currency pair is characterized by low liquidity and low interest from traders other than the country concerned. The central bank dominates the market and makes it very stable - not a good thing for trading.

EUR / CHF
Euro (EUR) is an EU currency; but Switzerland doesn't use it. They have their own currency, Swiss Franc (CHF), which is used as an asylum. But when traded, it doesn't really work.

The main problem with EUR / CHF is a long period of stability followed by a sudden jump in value. Some EUR / CHF trading can take place for a monthly period that suddenly closes with a difference of 2,000 pips. Lately the situation has improved with the involvement of EUR in Brexit, which brings the necessary market volatility.


Overall, EUR / CHF is not suitable for scalping and other short-term high volatility strategies. The Price Action pattern does not really apply to both because the pattern on the weekly and monthly timeframes is far less clear.

At present, there is no single method recommended for trading EUR / CHF. So far the most likely thing to do is trend-based trading - following the new trend and closing the trade before the trend ends. This is not a profitable move and is certainly risky, but if you want to trade EUR / CHF, that's the only reliable solution.


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#1 - February 10, 2019, 11:38:52 AM

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I am remember when trading on this pair and getting big profit only one hour or two-hour open trades, on these time SnB make intervention currency CHF and making this currency move more than 1600 pips only one or two hours, indeed if this pair included as cross pair and has higher spread if compared with major pair, but after intervention SnB, movement this pair being normal again and I am leaving this pair
#2 - February 10, 2019, 12:43:26 PM

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I rarely trade in exotic pairs, especially EUR / CHF
#3 - July 24, 2019, 01:57:07 AM

yanre


I prefer the pair EUR / USD and GBP USD



#4 - September 11, 2019, 03:10:16 PM

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paie EUR / CHF is a pair that is full of mystery, in the past this pair had made thousands of MC accounts due to a flash movement crash and also many brokers went bankrupt because of it.
#5 - December 10, 2020, 12:46:00 PM

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eur / chf opens exotic pairs in my opinion because both are major currency pairs so they are cross currencies, ecotic pairs are pairs of developing country currencies.
#6 - December 24, 2020, 07:10:35 AM

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I when trading only focuses on a major pair that is commonly used by people, so I have never used a pair like this
#7 - May 03, 2021, 11:44:18 PM

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I once traded with a pair but it was not suitable for me because the movement was slow and lacked fast movement so I decided to use the main pair only I like gbpjpy until now I still trade using it
#8 - July 30, 2021, 05:01:00 PM

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In trading I never traded by using this pair, even opening the chart was not, because my Meuurt was a foreign pair, I preferred Major Pair
#9 - August 01, 2021, 03:07:03 AM

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What we need to look carefully when running trading with pair like this is how it fluctuates and the range and how much spread is applied, so that we can be more comfortable
#10 - February 09, 2022, 02:14:59 AM

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Trading with mirror pairs like this will be more dangerous in my opinion
#11 - May 26, 2022, 02:49:19 AM

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Trading with mirror pairs like this will be more dangerous in my opinion
First the spread value is usually very large and the second movement is usually very fluctuating so it is relatively difficult to analyze
#12 - September 10, 2022, 01:16:13 PM

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First the spread value is usually very large and the second movement is usually very fluctuating so it is relatively difficult to analyze
Usually because of spread, because many traders are looking for pairs whose spread value is so small so it does not harm the trading
#13 - September 10, 2022, 01:49:59 PM

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Usually people call it a glass pair but I have never traded here
#14 - November 15, 2022, 09:10:49 AM

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Trading on this kind of pair in my opinion is not recommended
#15 - November 17, 2022, 08:35:30 AM

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