Stellar / Dollar may rise to 0.0917 - 0.0924

Our pivot point stands at 0.0889.

Our preference

The upside prevails as long as 0.0889 is support.

Alternative scenario

Below 0.0889, expect 0.0877 and 0.0870.

Comment

The RSI is above 70. It could mean either that the price is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 0.0875 and 0.0851).

Supports and resistances

0.0939 **

0.0932 *

0.0924 **

0.0917

0.0901 last

0.0894

0.0889 **

0.0877 *

0.0870 **

Number of asterisks represents the strength of support and resistance levels.