Elliott Wave

Elliott wave analysis of USD/SGD for January 12, 2023

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  • January 12, 2023
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  • 9 months ago

A nice-looking S/H/S top is expected to be activated upon a break below support at 1.3278 and a drop to at least 1.2095, but likely will set the stage for a continuation to below the 2011 low near 1.2000. Resistance near 1.3440 and important resistance near 1.3617 are expected to cap any correction for the break through key support at 1.3278.

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Andrew Johnson is a seasoned journalist with a keen interest in the commodity market. He is a regular contributor to Livemarkets.com, where he covers the latest news, trends, and analysis related to the commodity industry. With years of experience under his belt, Andrew has established himself as a reliable source of information on the global commodity market.

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