Stellar / Dollar may rise to 0.0904 - 0.0912

Our pivot point stands at 0.0871.

Our preference

The upside prevails as long as 0.0871 is support.

Alternative scenario

The downside breakout of 0.0871 would call for 0.0857 and 0.0848.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 0.0879 and 0.0869).

Supports and resistances

0.0930 **

0.0921 *

0.0912 **

0.0904

0.0885 last

0.0877

0.0871 **

0.0857 *

0.0848 **

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