# USD/CHF Bearish Divergence (May 8, 2014) Source: https://www.tradersway.com/resources/market-info/usd-chf-bearish-divergence-may-8-2014/ Language: en Updated: 2014-05-08 Description: Explore USD/CHF Bearish Divergence (May 8, 2014). USD/CHF has. Trade Forex and CFDs on MT4 and MT5 with tight spreads, flexible leverage and fast funding. USD/CHF has recently broken below a support zone visible on the 1-hour time frame, indicating that further losses might be in the cards. After dipping to a low of .8720, the pair has shown signs of retracing, which might offer the chance to jump in the downtrend at a better price. The Fibonacci retracement tool on the latest swing high and low indicates that the 50% level is closest in line to the former support area. On top of that, stochastic is in the overbought zone with a bearish divergence. As you can see, price made lower highs from May 6 to 8 while the oscillator made higher highs. ![USD/CHF Bearish Divergence (May 8, 2014)] Shorting at the 50% Fib with a stop above the 61.8% Fib and a target of new lows could yield at least a 2:1 return on risk. *By Kate Curtis from Trader’s Way* ## Structured data JSON-LD as served in the HTML version of this page. ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Article", "@id": "https://www.tradersway.com/resources/market-info/usd-chf-bearish-divergence-may-8-2014/#primary", "url": "https://www.tradersway.com/resources/market-info/usd-chf-bearish-divergence-may-8-2014/", "mainEntityOfPage": "https://www.tradersway.com/resources/market-info/usd-chf-bearish-divergence-may-8-2014/", "headline": "USD/CHF Bearish Divergence (May 8, 2014)", "inLanguage": "en", "datePublished": "2014-05-08T11:12:36+00:00", "dateModified": "2014-05-08T11:12:36+00:00", "articleSection": "Market Info", "description": "Explore USD/CHF Bearish Divergence (May 8, 2014). 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