# USDCHF Downtrend Intact (November 8, 2013) Source: https://www.tradersway.com/resources/market-info/usdchf-downtrend-intact-november-8-2013/ Language: en Updated: 2013-11-08 Description: Explore USDCHF Downtrend Intact (November 8, 2013). Thanks to the. Trade Forex and CFDs on MT4 and MT5 with tight spreads, flexible leverage and fast funding. Thanks to the better than expected headline GDP figure released yesterday, USD/CHF surged up to the .9200 major psychological level which was in line with the 50% Fibonacci retracement level and the falling trend line on the 4-hour time frame. Stochastic crossed down from the overbought region, hinting that dollar bears will push this pair down, possibly until the previous lows near .8950. Shorting at market with a stop above the previous spike to .9250 and a target of .8950 will give a 2-to-1 return on risk. ![USDCHF Downtrend Intact (November 8, 2013)] Events risks for today include the non-farm payrolls release, which is expected to print a weak reading because of the recent government shutdown. *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/usdchf-downtrend-intact-november-8-2013/#primary", "url": "https://www.tradersway.com/resources/market-info/usdchf-downtrend-intact-november-8-2013/", "mainEntityOfPage": "https://www.tradersway.com/resources/market-info/usdchf-downtrend-intact-november-8-2013/", "headline": "USDCHF Downtrend Intact (November 8, 2013)", "inLanguage": "en", "datePublished": "2013-11-08T11:54:11+00:00", "dateModified": "2013-11-08T11:54:11+00:00", "articleSection": "Market Info", "description": "Explore USDCHF Downtrend Intact (November 8, 2013). 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