Stellar / Dollar may rise to 0.0995 - 0.1008

Our pivot point stands at 0.0949.

Our preference

Rebound towards 0.1008.

Alternative scenario

Below 0.0949, expect 0.0929 and 0.0916.

Comment

The RSI is trading below 30. This could mean that either the price is in a lasting downtrend or just oversold and that therefore a rebound could shape (look for bullish divergence in this case). The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 0.0975 and 0.0994).

Supports and resistances

0.1032 **

0.1020 *

0.1008 **

0.0995

0.0967 last

0.0957

0.0949 **

0.0929 *

0.0916 **

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