In the meantime, the bid has been fluctuating between the resistance of 1.4300 and lower low levels. In mid-November, the DUK+/EUR bid rate had shortly reached below 1.3000.
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 November 22
For comparison of the buy and sell orders a range of 20 cents is chosen as criteria.
In regards to ask orders, there are two ranges of increased amount of orders. The 1.4300/1.5000 and 1.5500/1.5700 ranges are acting as resistance. In these two ranges and other levels up to 1.6200 there are sell orders for 4,710.62 coins.
Meanwhile, in the 1.4100/1.2100 zone there are bid orders for 3,019.64 coins.
© Dukascopy Bank SA
© Dukascopy Bank SA
Future outlook
In general, the rate could continue to book new low levels, as the amount of set up sell orders outnumber buy orders. Ask to bid ratio is 1.56 with 3,019.64 coins to be bought and 4,710.62 to be sold.
If the owners of the ask orders decide to give in, they are bound to push the price down.