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Bruce Powers CMT

Technical Analyst and Global Market Strategist
Bruce Powers, CMT has been involved in the financial markets for over 25 years with expertise in stocks and ETFs, Forex, cryptocurrencies, and commodities. He has published hundreds of articles on trading and technical analysis in various online and print publications. For nine years he wrote ...more
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Has Bitcoin Reached A Temporary Top?
Monday, December 18, 2023 6:50 PM EDT
Bitcoin has reached a possible top that could lead to a deeper correction. At the same time, its strong uptrend remains intact, holding support of the 20-Day moving average.
In this article: BITCOMP
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Explosive Move In Bitcoin Could Be Close At Hand
Sunday, March 27, 2022 7:49 PM EDT
After almost three months of choppy price action Bitcoin is closer to breaking out to the upside than to the downside. Watch for a signal on the monthly chart.
In this article: BITCOMP
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Ethereum Falling On The Heels Of Bitcoin
Sunday, January 9, 2022 8:31 PM EDT
Technical analysis on Ethereum from a monthly chart and showing the next key support zone.
In this article: ETHE
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Bitcoin Continues Its Downward Trajectory
Sunday, January 9, 2022 11:00 AM EDT
Bitcoin technical analysis - key support zones.
In this article: BITCOMP
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Bearish Reversal Pattern Forming In The EUR
Wednesday, September 2, 2020 4:22 PM EDT
Potential bearish reversal pattern setting up in the EUR/USD in the form of a three drives to a top. If minimum targets are hit a 200 to 300 pip decline may be seen.
In this article: FXE, UUP
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Strong Breakout To New Trend High For EUR/JPY Points To Further Upside.
Thursday, December 12, 2019 6:53 PM EDT
Strong long-term trend continuation signal for the EUR/JPY currency pair indicates higher prices and further strengthens a bullish reversal off the early-September bottom.
In this article: FXE, FXY
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Technical Analysis Update: Tadawul All Share Index (TASI) - Saudi Arabia ETF (KSA)
Wednesday, December 11, 2019 2:48 PM EDT
Saudi Arabia stock markets signals a bullish trend reversal as it comes out of a head and shoulders bottom formation. This signals a continuation of the long-term upward sloping trend channel with the potential for eventual multi year highs.
In this article: KSA
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When Might Bitcoin Be Ready To Resume Its Bull Trend?
Tuesday, December 10, 2019 4:38 PM EDT
Given the significant advance in the first half of the year, and the related signs of a trend change from bearish to bullish, Bitcoin has a good chance of eventually triggering a continuation of the new bull trend.
In this article: BITCOMP
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Long-Term Potential For Gold Remains Strong!
Sunday, December 8, 2019 10:40 PM EDT
Taking a technical analysis look of the SPDR Gold Shares ETF we see a long-term bullish continuation anticipated once the current correction is completed. A deeper retracement may come in the near-term, before resumption of the rally.
In this article: GLD
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Larger Bullish Move In USD/JPY May Just Be Getting Started
Saturday, November 2, 2019 9:01 PM EDT
Once current retracement is complete the USD/JPY has good chance of exceeding last week’s high. Pair still in early stages of following through on bullish breakout of a large head and shoulders bottom. Upside target zone around $110.51 to $110.70.
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Near-Term Bearish Signs For Bitcoin Cash
Thursday, October 31, 2019 9:25 PM EDT
A potentially significant drop is possible to below the most recent swing low.
In this article: BCH-X
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Next Potential Targets For Saudi Stock Market (Tadawul)
Monday, April 22, 2019 1:00 PM EDT
Saudi Stock Market has been in a strong uptrend this year, rising 17.5% year-to-date. As it continues to rise be aware of potential resistance zones, which are discussed here.
In this article: GULF, KSA
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Bitcoin Falls Hard Following A 25.5% Rally
Sunday, February 24, 2019 1:51 PM EDT
Bitcoin finds solid resistance for now. A recent bullish breakout of Symmetrical Triangle bottom dominates the larger view. Watch for support to be found the the resumption of the 2nd leg up off the December bottom.
In this article: BITCOMP
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Saudi Stock Market (Tadawul) At Pivotal Juncture
Monday, January 28, 2019 4:03 AM EDT
Saudi Arabia market reaches highest daily close in over 3 year.
In this article: KSA, GULF
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Dubai Stock Market Faces Potential Bullish Reversal
Saturday, January 26, 2019 3:49 PM EDT
Potential inverse head & shoulders bullish reversal setup in daily chart for the Dubai Financial Market General Index (DFMGI). Exposure can also be accessed via iShares MSCI UAE ETF (UAE), traded in the U.S. Although average volume is relatively low.
In this article: UAE
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Further Weakness Will Confirm Bearish Outlook For The Tadawul All Share Index (TASI)
Sunday, August 19, 2018 7:18 PM EDT
TASI (Saudi Arabia stock market) is poised to breakdown from a large bearish Ascending Wedge pattern. Weakness is apparent over the past couple of months and follows a prior advance. Early bearish signs are already triggered.
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