Market Overview for Dai (DAIJPY)

• Price action showed consolidation after a sharp pullback into 147.14.
• Momentum remains bearish with RSI in oversold territory near 30.
• Volatility increased during early trading but has since stabilized.
• A bullish engulfing pattern formed near 147.19, suggesting short-term support.
• DAIJPY closed near key 147.20 level with strong volume into that area.

Market Overview

Dai (DAIJPY) opened at 147.90 on 2025-08-14 12:00 ET, reaching a high of 148.11 before falling to a low of 147.11. It closed at 147.22 on 2025-08-15 12:00 ET. Total volume was 150,513.775, and notional turnover reached 22,106,779 JPY over the past 24 hours.

Structure & Formations

The 15-minute OHLC data shows multiple key support levels forming in the 147.15–147.20 range, with a clear bullish engulfing pattern emerging after the price tested 147.14. A doji appeared briefly around 05:30 ET as buyers pushed the price back from a minor low. Resistance is likely to appear near 147.35–147.37 based on recent failed breakouts and retracement levels.

Moving Averages

On the 15-minute chart, the 20-period MA crossed below the 50-period MA into bearish territory early in the morning, but has since shown signs of flattening. The 50-period MA is now acting as dynamic support near 147.17. On the daily chart, DAIJPY is trading below the 200-day MA, which is a bearish signal in the broader timeframe.

MACD & RSI

The MACD line dipped into negative territory during the morning session, confirming the bearish bias, but has since begun to show a tentative flattening. RSI is currently at 31, indicating oversold conditions, though without immediate conviction of a reversal. A rebound above 40 would be a positive sign for near-term buyers.

Bollinger Bands

Volatility expanded as the price moved from 148.11 to 147.11, widening the Bollinger Bands significantly. The price has since consolidated near the 147.20 level, which aligns with the upper band of a narrower contraction. This suggests that volatility may soon stabilize, and a breakout above 147.30 could be the next focus for trend-following traders.

Volume & Turnover

Volume spiked sharply during the early morning hours, particularly around 08:45–09:00 ET, when the price fell from 147.25 to 147.19. This high-volume bearish move was confirmed by the notional turnover jump to over 20 million JPY. Conversely, volume dropped significantly during midday trading, suggesting a temporary lack of conviction from traders.

Fibonacci Retracements

Fibonacci levels from the recent high (148.11) to low (147.11) suggest critical support near 147.25 (23.6%), 147.18 (38.2%), and 147.14 (61.8%). The price has bounced off the 61.8% level twice, reinforcing its strength. A break below 147.14 would likely trigger deeper correction into 147.05–147.00.

Dai appears to be testing the lower bounds of a key consolidation range, with the 147.20–147.25 zone likely to be pivotal in the next 24 hours. While the RSI suggests oversold conditions, buyers should be cautious of a potential bearish continuation if momentum fails to reverse decisively. Traders are advised to watch for a confirmation breakout or breakdown in the next 24 hours and be prepared for potential volatility swings.