Stellar / Dollar may rise to 0.1059 - 0.1107

Our pivot point stands at 0.0885.

Our preference

The upside prevails as long as 0.0885 is support.

Alternative scenario

The downside breakout of 0.0885 would call for 0.0805 and 0.0758.

Comment

The RSI is above 50. 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 0.0930 and 0.0941).

Supports and resistances

0.1204 **

0.1155 *

0.1107 **

0.1059

0.0953 last

0.0916

0.0885 **

0.0805 *

0.0758 **

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