The prior forecast for the DUK+/EUR exchange rate has become reality. Due to the influx of buy orders below the rate and the fact that sell orders were not removed, the pair has traded sideways. Meanwhile, it could be spotted that the 55-day simple moving average was catching up to the currency pair. This indicated that the pair's overbought pressure was
The Dukascoin has continued to trade sideways. The DUK+/EUR currency exchange rate had not declined, as it was previously speculated. The reason for the sideways trading was the influx of buy orders at the 1.8700 and 1.8400 levels. Daily Candle Chart On the daily candle chart, it can be observed that, since January 27, volatility of the pair has decreased.
As expected, the DUK+/EUR currency exchange rate traded sideways below the 2.0500 level throughout the last week. In regards to the near term future, various signals were indicating that the exchange rate could decline. Daily Candle Chart On the daily candle chart, one can observe that the rate had been trading almost sideways since January 19. During that time period, the
The DUK+/EUR exchange rate started the week by trading near its historical high level at 2.05. In general, the rate was expected to fluctuate just below this level, as market depth data revealed that there is a large amount of sell orders above the current price level. Daily Candle Chart On the daily candle chart, the currency exchange rate is overbought,
Dukascopy Analytics wrote on January 7 that the price for Dukascoin could surge. The surge, which could be better described as a jump occurred on January 10, when the DUK+/EUR rate reached the 2.00 level. The surge was followed by a consolidating decline and sideways trading, which ended on Friday January 17, as a new high level was touched. Daily Candle
DUK+/EUR started the year by breaking the resistance of the 1.3800 level, which kept it down at the end of last year. In general, the rate had only the resistance of the pivot points. Meanwhile, there was a lack of sell orders. On the other hand, the pair had left below the daily simple moving averages. This factor indicates that the
At the middle of December, the DUK+/EUR exchange rate was testing the resistance of the November high level at 1.3900. However, even if this level would get passed, the rate would still face the resistance of the 1.4000 mark, In addition, above the 1.4000 there were sell orders spread out up to the 1.5400 level. Daily Candle Chart On the daily
Dukascoin started the week by testing the resistance of the 1.3000 level. In general, it was expected that the DUK+/EUR pair could pass this level, as it had pierced through it on Sunday, December 8. However, at that level there was a concentration of sell orders, which was slowing down the assets attempts to surge. Daily Candle Chart On the daily
On Wednesday, November 27, the DUK+/EUR rate pierced the trend line, which supported it since October 21. It signalled that a decline is about to occur. By the middle of Monday's, December 2, London trading hours, the decline of the rate had touched the 1.0400 level. The price had declined by almost 23%. The fall was attributed to the crypto
Last week, Dukascoin found support in 1.1700 and made another attempt to pass the resistance of the 1.3900 level. This week, on Monday, the DUK+/EUR rate had retreated and found support in an ascending trend line at 1.2000. In regards to the near term future, the pair was expected to once more make an attempt to pass the 1.3900 level. Daily
Last week, the DUK+/EUR rate surged in a sharper than expected angle. It reached the 1.3900 level already on Wednesday. On that day, sell orders at 1.3900 and 1.4000 managed to stop the surge. This week, on Tuesday, Dukascoin was consolidating its gains, as traders were taking profits from the surge. In regards to the near term future, it was expected
Last week DUK+/EUR rate found support earlier than it was expected. Namely, the 0.9000 level provided enough support to cause a surge. On Monday, the exchange rate had already touched the high level of 1.2500, where it encountered the technical resistance of the R1 of the simple weekly pivot points. In regards to the near term future, the rate had a couple
The surge of the DUK+/EUR last week reached above the 1.0000 level. It appears that traders profited from the surge, as last week sell orders were set at 0.9500 and 1.0000. In the aftermath of the surge, the rate began a decline, which on Monday found support in the 0.8500 level. In regards to the near term future, the rate should rebound
Dukascoin is surging and breaking one resistance after another. Last week, the DUK+/EUR rate reached the target of 0.8000 and broke it in a sharp move. Namely, on October 25 the rate jumped to the next resistance at 0.8700. Moreover, the 0.8700 was also broken. These levels can be best observed on the chart of the previous publication of October 14. In regards
The DUK+/EUR rate bounced off the combined support of the 0.6500 mark and the first support level of the simple monthly pivot points at 0.6567. This resulted in a surge, which was set to test weekly pivot points and the 55-day simple moving average from 0.7230 to 0.7500. Daily Candle Chart On the daily candle chart, the rate bounced off the
The descending channel pattern has held. DUK+/EUR exchange rate has declined after bouncing off its upper trend line. In addition, the cluster of buy orders at 0.7500 did not manage to provide support as in late August and early September. This week, the rate was expected to reach support levels near 0.6300. Daily Candle Chart On the daily candle chart, the
After a period of sideways trading that lasted until September 26, DUK+/EUR surged and pierced all resistance up to 0.8500. Meanwhile, the online chart has been updated with the resistance and support levels that are observed by looking at the bid and ask order statistics at dukascoin.com. Daily Candle Chart Since Friday, on the daily candle chart the DUK+/EUR rate was
Last week, step by step the DUK+/EUR exchange rate passed the support cluster that was located from 0.7100 to 0.6800. This week was started with the pair fluctuating around the 0.6500 level. In the meanwhile, note that interactive Dukascopy Online chart of the rate is now available. Daily Candle Chart Since this Monday, the Dukascopy online chart of the DUK+/EUR
During the last week the DUK/EUR rate dropped below the 0.7300 mark. The exchange rate began this week by bouncing off the minor support of the 0.7100 level. At that level a large cluster of buy orders begins and lasts as low as the 0.6800 mark. In the meantime, the pair's most close by resistance was located 6.86% above Monday's price,
Last week Dukascoin found support in the 0.7300 level. As it was expected, the event resulted in a surge, which reversed at the 0.8300 level. This week the coin started back at the support of the 0.7300 mark. Meanwhile, buy and sell order clusters had moved, indicating that support and resistance zones have changed. Previous Daily Candle Chart Updated Daily Candle Chart On
The analysis of Dukascoin is a combination of technical and fundamental analysis. Namely, the daily candle chart and market depth are analysed to look for support and resistance levels. Daily Candle Chart By looking at the daily candle chart, one first spots that the 0.7300 level acted as support in August. Moreover, that level's support was strong enough to cause the surge,
In the near future, in this feed our readers will be able to read periodical analysis of Dukascoin. Dukascopy Analytics intends to publish reviews of the Online Chart of Dukascoin. If any of our reader have suggestions or any kind of feedback, feel free to write to [email protected].