Market Overview for Dai/Yen (DAIJPY) on 2025-10-31

• DAIJPY saw a 0.35% decline in 24 hours, closing at 154.35 after hitting 154.95 high.
• Volatility spiked midday as the pair tested 154.63 support and pushed to 154.82.
• Volume surged in the early hours, with 154.89 as a key resistance cluster.
• RSI and MACD show neutral momentum, with no strong overbought or oversold signals.
• Price remains within a range-bound pattern, with a possible bullish breakout attempt pending confirmation.

Dai/Yen (DAIJPY) opened at 154.48 on 2025-10-30 at 12:00 ET, peaked at 154.95, and closed at 154.35 by 12:00 ET on 2025-10-31. Total volume for the 24-hour period was 49,472.67, with a turnover of approximately 7,656,384.59. The pair has shown mixed price behavior, with periods of consolidation and short-term volatility.

On the 15-minute chart, DAIJPY has been trading within a defined range, with support levels near 154.35–154.37 and resistance forming at 154.63–154.72. A bearish engulfing pattern was observed around 2025-10-31 00:15–00:30 ET, indicating a potential near-term pullback. The 20-period moving average is currently above the 50-period MA, suggesting a flattening in momentum.

The RSI remains neutral around 50, while MACD has not shown a decisive crossover. This implies a lack of strong directional bias, with neither bulls nor bears dominating. Bollinger Bands have expanded in the past two hours, signaling increasing volatility. Price has remained within the upper band in the late hours, which could indicate a potential reversal if it fails to break out.

Fibonacci retracement levels suggest key areas of interest: 38.2% at 154.52 and 61.8% at 154.20. These levels could act as dynamic supports and resistances in the next 24 hours. The overall volume profile shows a divergence between morning and evening trading, with volume concentrated in the 154.63–154.82 range. Investors may watch for confirmation of a breakout or breakdown in the next session.

Backtest Hypothesis

The backtesting strategy described aims to identify and trade off of bearish engulfing patterns, which are often used in short-term trading strategies to signal potential price reversals. In the context of DAIJPY, the bearish engulfing pattern appeared briefly near 2025-10-31 00:15–00:30 ET, but its impact on the broader trend remains uncertain. For a full backtest, a recognized ticker symbol is required, as the current symbol (DAIJPY) appears to be unavailable on standard data platforms. Once the correct ticker is identified, the strategy could be applied to historical data from 2022 to today, using the signal of entering short trades at the close of the engulfing pattern and exiting at the close of the next candle. This would allow for an assessment of its profitability, reliability, and risk-adjusted returns under varying market conditions.