✓The charts are always telling a story — we just need to learn how to read it.
FAVORITE TRADING QUOTE / PHILOSOPHY
About
Bruce Powers has spent over 25 years immersed in the financial markets, honing his expertise across stocks, ETFs, Forex, cryptocurrencies, and commodities. A Chartered Market Technician (CMT) with an MBA in Finance from the University of Arizona’s Eller College of Management, Bruce is a private trader who has published hundreds of articles on trading and technical analysis for both print and online publications.
He currently produces daily technical analysis on commodities for FXEmpire, writes a monthly column on penny stocks for Investopedia, and spent nine years as a weekly technical analysis columnist for the Gulf News in Dubai. Beyond the written page, Bruce has appeared more than 150 times on TV business news programs, sharing his market insights with a wide audience.
Latest by Bruce
FORECASTS ▶20D
GBP/JPY Breakout Confirms Potential for Further Gains
GBP/JPY has confirmed a major breakout above long-term resistance, with multiple bullish signals indicating the uptrend may continue following any near-term pullback.
FORECASTS ▶27D
Oil Bottoming Signals Strengthen Across Brent and WTI
Brent and WTI crude are showing similar bullish bottoming patterns as key support holds, with confirmation of recent reversal signals potentially setting the stage for another advance.
FORECASTS ▶54D
Bearish Outside Day Signals Reversal Risk for the USD/JPY
USD/JPY shows early bearish reversal signals after a bearish outside day and channel break, with key support levels now under pressure and downside targets emerging.
FORECASTS ▶83D
Natural Gas Wedge Breakout Signals Strong Upside Targets
Natural gas shows a bullish reversal from a falling wedge, reclaiming key moving averages. A pennant consolidation suggests continuation, with higher resistance targets forming above.
FORECASTS ▶90D
Bearish Pressure Builds Across Precious Metals
Gold and silver continue to weaken beneath major moving averages as bearish continuation patterns raise the risk of deeper corrective declines toward long-term support.
FORECASTS ▶111D
WTI Crude Oil Correction Deepens Toward Key Support
WTI crude oil remains in a corrective phase following a March peak, with bearish patterns and rising volatility pointing to further downside toward key moving average support zones.
FORECASTS ▶119D
EUR/USD Faces Key Resistance, Pullback Risk Builds
EUR/USD faces strong resistance near recent highs, with technical structure pointing to potential downside risk unless key support zones hold and bullish momentum resumes.
FORECASTS ▶132D
Major Indices Break Down as Bearish Momentum Builds
U.S. equity indices remain under pressure as breakdowns below key moving averages and failed rallies point to a likely continuation of the current correction.
FORECASTS ▶139D
EUR/JPY Bull Flag Tests Critical Support Zone
EUR/JPY tests a critical support confluence within a developing bull flag, with price action near 180.80 likely to determine whether the broader uptrend resumes.
FORECASTS ▶180D
Silver Price Analysis: Blow-Off Top Triggers Deep Correction in Silver
Spot silver reversed sharply from record highs, triggering a bearish correction, though emerging support and reversal signals suggest a potential counter-trend rally may be developing.
FORECASTS ▶207D
Crude Oil Breakout Signals Trend Reversal Ahead
WTI crude oil shows improving demand and multiple bullish reversal signals, with a breakout above key resistance levels potentially confirming a broader trend reversal and higher price targets.
FORECASTS ▶244D
Gold’s Trend Remains Strong, Yet Critical Resistance Defines the Next Move
Gold maintains its long-term uptrend above key weekly averages, but resistance near a 600% extension raises the possibility of a deeper correction without a decisive breakout.
FORECASTS ▶272D
USD/JPY Faces Key Test as Rising Wedge Nears Decision Point
USD/JPY is testing resistance along a long-term downtrend line as a potential rising wedge pattern nears completion.
FORECASTS ▶300D
GBP/USD Near Decision Zone at Lower Channel Support
GBP/USD continues to consolidate within a rising channel as traders weigh a potential channel breakdown and double top against support strength near trendline.
FORECASTS ▶328D
Bitcoin Weekly Reversal Sets Stage for Next Leg Higher
Bitcoin’s weekly chart shows a bullish reversal on a breakout to a three-week high, following validation of support at a key moving average. Confirmation of the breakout hints at momentum toward $135,000 and potentially higher.
FORECASTS ▶357D
XRP Eyes Third Breakout Attempt from Long-Term Bull Base
XRP is consolidating within a large bullish pattern that stretches back to 2018. Technical setups point toward an eventual successful breakout, with key levels and targets now in focus.
FORECASTS ▶391D
Rising Channel in Natural Gas Projects Lower Prices
Natural gas broke key trend support twice this week and the sellers remain in charge. That makes the bottom of a channel the likely target.
FORECASTS ▶426D
Oil’s Bullish Setup: Double Bottom Plus Flag Formation
With a higher low in May and consolidation tightening, crude's price structure points to a possible surge if key resistance levels give way.
FORECASTS ▶455D
May Still be Early for Gold’s Next Bull Phase
Analyzing Gold's Potential for Sustained Bullish Momentum Amid Recent Breakouts and Trends
FORECASTS ▶490D
Bitcoin at Crossroads: Breakout or Breakdown?
Bitcoin’s price teeters between $76,600 support and $89,164 resistance, where a breakout may signal a shift from correction to rally.
FORECASTS ▶517D
Bearish Reversal in the U.S. Dollar Index (DXY) May Just Be Getting Started
A breakdown from a head and shoulders topping pattern triggered this week in the U.S. dollar index (DXY) on a decisive decline below last week’s low of $106.13.
FORECASTS546D
Long-Term Outlook for Silver Shows New Trend Highs
Silver Analysis - Since the 2022 bottom in silver (XAG/USD), it has outperformed gold (XAU/USD) by about 9%.