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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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Technical Update: Tadawul All Share Index (TASI)
Saturday, May 19, 2018 3:30 PM EDT
Tadawul All Share Index (TASI) (Saudi Stock Exchange). Larger advance stalls at the 50% retracement zone.Deeper short-term pullback may occur. Followed by advance to new highs.
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Following Breakout Of Bull Pennant, Dash Pulls Back To Second Entry Zone
Saturday, May 5, 2018 2:30 PM EDT
Dash (DASH-X) breaks out of a bullish pennant and subsequently pulls back to test the top trend line of the pattern and the 50-period moving average as support.
In this article: DASH-X
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Short-Term Trading Outlook For Bitcoin
Wednesday, January 24, 2018 11:15 AM EDT
Potential double bottom trend reversal pattern forms around the 61.8% Fibonacci retracement of the uptrend starting from the September swing low.
In this article: BITCOMP
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Ethereum – Bullish Breakout Of Large Symmetrical Triangle Looks To Be Getting Closer
Wednesday, November 15, 2017 1:16 PM EDT
Since June, volatility in Ethereum (ETH/USD) has been declining with a potentially bullish multi-month symmetrical triangle consolidation pattern forming over that time. Keep in mind that low volatility leads to higher volatility.
In this article: BITCOMP
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New Record High On Bitcoin! Where To Next?
Thursday, October 12, 2017 1:04 PM EDT
Bitcoin breaks out with conviction to a new record high as it moves above the prior peak of $4,979.90 reached in the beginning of September.
In this article: BITCOMP
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If Bitcoin Breaks Below Most Recent Low A Deeper Correction Becomes Likely
Tuesday, September 12, 2017 3:49 AM EDT
Bitcoin is showing signs that it may had hit a temporary top and heading into a deeper correction soon. A head and shoulders top has formed in the daily chart.
In this article: BITCOMP
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USD/JPY Reaches Low That Could Lead To Rally
Sunday, August 13, 2017 4:06 PM EDT
USD/JPY Forex pair hits a key support zone that could lead to higher prices. Watch for a trigger above the bullish candle from last week for signs of strengthening.
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TASI Targets Higher Prices Following Breakout Of Bull Pennant
Monday, August 7, 2017 5:22 AM EDT
The Tadawul All Share Index (TASI) bull trend is preparing for its next move higher following a pull back towards support. Support can be anticipated anywhere from last week’s low of 7,059 and down to approximately 6,870.
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Bullish Trend Reversal Triggered In Canadian Dollar
Sunday, August 6, 2017 6:28 PM EDT
The outlook improves for USD/CAD as it bounces off support following a 12-week decline and triggers a bullish reversal. Last week the pair closed above the prior week's high for the first time in 13 weeks.
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Kuwait Stock Exchange Index (KWSE): Watch Out Below!
Monday, July 3, 2017 3:39 AM EDT
The Kuwait Stock Exchange Index (KWSE) is sitting on the edge of a cliff. We may soon see a decisive reversal of the uptrend begun from the January 2016 low.
In this article: GULF
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Technical Update: TASI, Saudi Stock Exchange Breaks Out With Conviction
Wednesday, June 21, 2017 10:37 AM EDT
Saudi Stock Exchange - Tadawul All Share Index (TASI) breaks out of Symmetrical Triangle on strong volume thereby triggering a continuation of the long-term uptrend. Three major chart patterns identify key target areas.
In this article: KSA
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GBP/CHF: Short-Term Weakness Should Be Followed By Resumption Of Bull Trend
Monday, May 15, 2017 3:57 AM EDT
Bullish breakout of Head & Shoulders Bottom trend reversal pattern and 200-day moving average in the GBP/CHF Forex pair occurred a month ago and was followed by a persistent uptrend. Following a minor pullback the uptrend should continue higher.
In this article: FXB, FXF
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Overall Bullish Characteristics Remain For The Tadawul All Share Index (TASI)
Monday, April 3, 2017 5:05 AM EDT
Following a breakout in late-November (breakout above 6,875.69) of last year the Tadawul All Share Index (TASI) pulled back and has been consolidating around support near the top of the Double Bottom & 200day ema.
In this article: KSA
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Chance Of A Correction Increases For Emerging Markets Index ETF
Sunday, April 2, 2017 5:24 PM EDT
The iShares MSCI Emerging Markets Index ETF (EEM) has hit long-term resistance and showing signs of weakening. A deeper pullback is now likely.
In this article: EEM, EUM
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Technical Update For Oil: Brent And WTI
Sunday, March 12, 2017 1:17 PM EDT
Oil fell hard last week and is heading towards the lower end support trend lines. The odds still favour an eventual recovery above recent highs once the current correction is complete.
In this article: BNO, DBO, OIL
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Brent Crude Technical Update: Low Volatility Leads To High Volatility
Monday, February 20, 2017 9:47 AM EDT
Long-term chart pattern in Brent Crude is bullish, but short-term it can go either way depending on the breakout of two months of consolidation.
In this article: BNO, DBO
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