Note that the low levels were not reached simultaneously. During the low bid level of 0.9700 on September 25, the ask price was located at 1.4100. This amounted to a spread of 0.44 cents.
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 October 06.
For comparison of the buy and sell orders a range of 20 cents is chosen as criteria.
In the 1.4800/1.6800 range there are ask orders for 2,230.00 coins.
Meanwhile, in the 1.4200/1.2200 zone there are bid orders for 1,772.36 coins.
© Dukascopy Bank SA
© Dukascopy Bank SA
Future outlook
In general, the rate could once again drop, as the ask orders outnumber the bids by 457.64 coins. If the sellers decide to take a lower price, they can push it lower.