DXY could complete this Wave with a $1.02 Handle [Video]

Dale J Pinkert Independent Analyst

Coach discusses the U.S. Dollar Index (DXY) and explains why he believes the current wave could complete near the 1.02 level. Once that target is reached, his preferred short opportunity is USD/CAD, and he shares the reasoning behind that outlook. The session also covers precious metals, with Coach identifying potential downside targets of $3,800 for gold and $50 for silver as likely areas where the current correction could end. Additionally, he analyzes the triangle pattern developing in the S&P 500 and wraps up by addressing a viewer's request with a technical analysis of the live cattle market.

Author

Dale J Pinkert

Independent Analyst

Former Member of the Chicago Mercantile Exchange (IOM Division), Dale's market forecasts have been aired on Financial Television and Radio station including CNBC.

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