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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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33 to 48 of 49 Posts
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Uptrend In Silver (XAG/USD) Continues To Strengthen
Sunday, February 12, 2017 11:39 AM EDT
As silver strengthens new signs emerge that the uptrend is strengthening and becoming more sustainable. Key target zones are identified based on the confluence of multiple indicators, and the key support area is discussed.
In this article: SLV
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Bullish Case For GBP/JPY
Thursday, February 9, 2017 10:23 AM EDT
Bullish continues to improve for GBP/JPY with further upside likely.
In this article: FXB, FXY
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The Kuwait Stock Exchange Index (KSE) Is Up Big In 2017 - How Far Can It Go?
Sunday, January 22, 2017 3:29 AM EDT
Last week the Kuwait Stock Exchange Index (KSE) was up 5.4% to close at 6,435.74, while volume spiked to the highest level since June 2013. This is the thirteenth consecutive week of gains and on a daily basis the index has gone parabolic.
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Multiple Time-Frame Analysis For Ishares MSCI Emerging Markets Index ETF
Tuesday, January 17, 2017 1:25 PM EDT
The price behavior in EEM creates patterns one after the other. Price breaks through key levels represented by a line and then retraces to test that line before continuing on. This is classic bullish behavior.
In this article: EEM
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Tadawul All Share Index (TASI) Signals A Temporary Top
Thursday, January 12, 2017 3:48 AM EDT
Given the recent behavior of the Tadawul All Share Index (Saudi Stock Exchange) a deeper retracement seems likely before the index is ready to resume its uptrend. Fibonacci retracement levels as shown in the 2nd chart.
In this article: KSA
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US Dollar – The Big Picture
Tuesday, January 3, 2017 10:32 AM EDT
The US dollar continues to progress higher in classic fashion as the uptrend continues. This can be seen most effectively by looking at the monthly charts. By adding in multiple Fibonacci analysis three key higher targets zone are identified.
In this article: UUP
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Gold Due For A Bounce, But Remains In Long-Term Bearish Trend
Monday, December 26, 2016 8:50 AM EDT
Short-term and long-term analysis of gold. Spot gold (XAU/USD) remains in a long-term downtrend but a good bounce could be coming next.
In this article: XAU Also: GLD
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Brent Crude In Its Second Leg Up Off The Bottom, Targets Higher Prices
Thursday, December 22, 2016 10:26 AM EDT
Brent has advanced as much as 111.9% as of the $57.50 high hit last week. It looks like there’s a good chance that Brent can continue to strengthen and is not yet done with its initial recovery.
In this article: BNO, OIL
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Uptrend Growing Tired For Tadawul All Share Index (TASI)
Thursday, December 22, 2016 9:27 AM EDT
Saudi Stock Exchange - Tadawul All Share Index showing signs of moving into a correction after an aggressive 10-week 35.8% advance.
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Tadawul All Share Index (Saudi Stock Exchange) Finishes Sixth Consecutive Week Of Gains
Monday, December 5, 2016 3:48 AM EDT
Saudi Stock Exchange finishes its sixth consecutive week of gains, up 4.7% to close at 7,117.61. Since hitting a low of 5,327.49 nine weeks ago the TASI has risen as much as 33.6% as of last week’s high at 7,117.61.
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Technical Update: Bull Flag Setting Up In Gold
Monday, September 26, 2016 5:41 AM EDT
Gold’s (XAU/USD) behavior over the past seven months continues to point to an eventual rise to higher prices.
In this article: XAU, GLD
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U.S. Dollar/Chinese Yuan (USD/CNY) Surges Following China’s Devaluation
Wednesday, August 12, 2015 5:35 AM EDT
Following China’s devaluation on Tuesday of the yuan, the U.S. dollar/Chinese yuan currency pair (USD/CNY) has surged, reaching as high as 6.4485 so far today.
In this article: CYN Also: UUP
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Gold Points Lower As Bearish Descending Triangle Triggered
Monday, July 20, 2015 10:25 AM EDT
There has now been a clear trigger of a bearish descending triangle formation in Gold (XAU/USD) in the monthly chart.
In this article: GLD
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Brent Crude Oil Breaks Out Of Bearish Wedge
Tuesday, July 7, 2015 8:06 AM EDT
Brent Crude broke down from a bearish rising wedge formation several weeks ago, trading relatively sideways thereafter, until the tail end of last week when it closed below $61.
In this article: DBO, BNO
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Brent Crude Looks To Be Heading Higher From Here
Tuesday, April 7, 2015 10:44 AM EDT
Brent Crude looks to have started a second leg up off the January bottom of 45.22, indicating Brent has a good chance of heading higher from here.
In this article: USO, OIL, UWTI, DWTI, SCO, BNO
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Gold Reaches First Target – Potential Short Term Pull Back Now Possible
Monday, January 19, 2015 10:12 AM EDT
Gold completes an AB=CD pattern which could lead to a retracement to the neckline of an inverse head & shoulders pattern, before heading higher. The odds of a higher rally following a pullback are good.
In this article: GLD
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33 to 48 of 49 Posts
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