The asking price has fluctuated in the 1.4500/1.5000 range with the exception of two dips down to 1.3700 and 1.4200. Meanwhile, the Bid has been at 1.3500/1.4000. During the dips, the bid price touched 1.1550 and 1.1430.
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 June 29.
For comparison of the buy and sell orders a range of 20 cents is chosen as criteria.
In regards to ask orders, there is a cluster of orders at 1.47/1.50. In this range there are orders for 2,157.36 coins. Meanwhile, in the total range of 1.47/1.67 there are orders for 2,757.36 coins.
Meanwhile, in the 1.3500 /1.1500 zone there are bid orders for 4,811.00 coins. Note that most orders are at 1.3500 and 1.3300. At these levels there are orders for 1334 and 1599 coins.
© Dukascopy Bank SA
© Dukascopy Bank SA
Future outlook
The bid orders outnumber the asking orders. Namely, there are a lot more buy than sell orders. The bid order amount outmatches the ask orders at a ratio of 1.74.
In general, it is unlikely that Dukascoin would decline against the Euro due to the large amount of bid orders. However, for the price to surge market participants would have to buy up the coins which are being sold at 1.4700/1.5100.