Meanwhile, the currency exchange rates bid price has been more volatile, as since July 8 the bid price has been fluctuating in the 1.4000/1.4900 range.
Asking price chart
Bid price chart
Market Depth
Market Depth reveals, where traders have set up buy and sell orders. The up to date data is published at dukascoin.com. Below, one can observe the market orders on August 5
In regards to sell orders, most are located in the 1.4900/1.5500 range. Meanwhile, there are minor concentrations of ask orders at 1.7000 and 1.7500.
On the other hand, bids are noticeably spread out from 0.9300 up to 1.4300.
For comparison of the buy and sell orders a range of 20 cents is chosen as criteria. In the 1.4900/1.6900 range there are ask orders for 4,466.40 coins. Meanwhile, in the 1.2400/1.4400 zone there are bid orders for 1,910.55 coins.
© Dukascopy Bank SA
© Dukascopy Bank SA
Future outlook
In general, the rate could remain flat throughout the rest of the summer. However, if liquidity appears, it is more likely that a decline would occur, as the sell orders outnumber the buy orders by a factor of 2.34.