Daily Candle 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 November 11.
In regards to sell orders, orders are spread out from 2.1500 up to the wall of sell orders at 2.5100. These orders are bound to provide resistance to the price.
Meanwhile, the closest by notable buy orders were located at the 1.7000 level. In addition, note that a large amount of buy orders have been set up at the 1.6100 mark.
© Dukascopy Bank SA
© Dukascopy Bank SA
Future outlook
The currency exchange rate is set up for a decline, as there are no close by buy orders. Namely, if a seller decided to sell the DUK+ against Euro, he would have to take the other side of the orders at 1.7000.
On the other hand, a surge of the pair is unlikely, as there is plenty of sell orders located from 2.1500 up to 2.5000. A potential buyers of the coins would have to take out the order clusters for the price to move up.