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Air Liquide SA (AI - France) - WXY wave patternAir Liquide SA (AI - France) is in WXY up correction and moving up in C wave of y of Y major wave as final move up. It is the part of complex correction. In weekly time frame, from major bottom on chart it has completed WXY wave upside. From major top in 2020, it dropped in ABC zigzag and now corrected in complex WXY correction. It is very strong stock and out-performer than CAC40 index on daily time frame. So possibly it can go higher in 60 min time frame.
EURONEXT:AILong
by EWFcw
AUD/USD (AUDUSD) - Impulse wave upAUD/USD (AUDUSD) is in 5th internal of wave 3rd of C wave up. Overall from major bottom as shown in 60 min chart it is going up in ABC zigzag wave pattern. B wave running complex correction. Equal sized impulse going up after B wave, which means C wave is going up in extension. The major level of invalidation is closely watched which thrown out the idea of C wave impulse. In weekly time frame it’s completed major WXY down cycle and reversed in primary ABC wave up as indicated in weekly time frame.
Long
by EWFcw
EURPLN - a surprising interest rate cutA very surprising cut of interest rates at today's one-day MPC meeting, without a press conference, may have its impact on the future of the Polish zloty. In recent days, the EURPLN exchange rate has come close to potential support located at the previous highs in the area of 4.39-4.41. Additionally, a simple correction labeled as "abc" could appear on the chart. If the reduction of the reference rate from 0.5 to 0.1 percent along with a rather interesting technical arrangement at the same time could affect the market, then the EURPLN exchange rate could move at least to the line drawn along the recent tops. ________ Daniel Kostecki, Chief Analyst Conotoxia Ltd. Materials, analysis and opinions contained, referenced or provided herein are intended solely for informational and educational purposes. Personal opinion of the author does not represent and should not be constructed as a statement or an investment advice made by Conotoxia Ltd. All indiscriminate reliance on illustrative or informational materials may lead to losses. Past performance is not a reliable indicator of future results. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
by Daniel_Kostecki