Bruce Powers CMT Blog | Talkmarkets | Page 1
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. Bruce has published hundreds of articles on trading and technical analysis in various online and print publications. For nine years he ... more

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Explosive Move In Bitcoin Could Be Close At Hand
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.
Ethereum Falling On The Heels Of Bitcoin
Technical analysis on Ethereum from a monthly chart and showing the next key support zone.
Bitcoin Continues Its Downward Trajectory
Bitcoin technical analysis - key support zones.
Bearish Reversal Pattern Forming In The EUR
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.
Strong Breakout To New Trend High For EUR/JPY Points To Further Upside.
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.
Technical Analysis Update: Tadawul All Share Index (TASI) - Saudi Arabia ETF (KSA)
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.
When Might Bitcoin Be Ready To Resume Its Bull Trend?
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.
Long-Term Potential For Gold Remains Strong!
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.
Larger Bullish Move In USD/JPY May Just Be Getting Started
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.
Near-Term Bearish Signs For Bitcoin Cash
A potentially significant drop is possible to below the most recent swing low.
Next Potential Targets For Saudi Stock Market (Tadawul)
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.
Bitcoin Falls Hard Following A 25.5% Rally
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.
Saudi Stock Market (Tadawul) At Pivotal Juncture
Saudi Arabia market reaches highest daily close in over 3 year.
Dubai Stock Market Faces Potential Bullish Reversal
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.
Further Weakness Will Confirm Bearish Outlook For The Tadawul All Share Index (TASI)
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.
Technical Update: Tadawul All Share Index (TASI)
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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