Market Overview for Sui/Yen (SUIJPY): 24-Hour Action and Momentum Cues

Summary
• Price surged to a high of 337.61 before retracing to 317.17.
• MACD and RSI signal mixed momentum and overbought-oversold shifts.
• Volatility and volume spiked during the 02:45–04:00 ET window.
• A key support level at 325.5 appears to be holding amid bearish pressure.
• Fibonacci retracements suggest 327.2–331.6 as potential pivot zones.

Sui/Yen (SUIJPY) opened at 318.8 on 2025-11-07 12:00 ET and closed at 319.71 on 2025-11-08 12:00 ET, reaching a high of 337.61 and a low of 317.17. Total traded volume for the 24-hour period was 593,865.79, with a notional turnover of 193,334,227.48 units. The price action was volatile and trended between key support and resistance zones.

The 15-minute chart shows a mix of bullish and bearish candlestick formations. A strong bullish engulfing pattern emerged at 329.28–331.60, followed by a bearish harami near 335.0–334.68. A notable doji appeared at 334.04–334.70, suggesting indecision. Key support levels are found at 325.5 and 323.54, while resistance sits near 330.64 and 331.76. The price may consolidate within this range if volatility subsides.

Moving averages on the 15-minute chart indicate a short-term bullish bias. The 20-period MA is above the 50-period MA, forming a potential golden cross. However, on the daily chart, the 50-period MA is below the 100-period and 200-period MAs, reflecting a bearish bias in longer-term structure. Price may test the 50-period MA at 328.7 before resuming a downtrend.

MACD (12,26,9) indicates diverging momentum. A bullish crossover occurred early in the session, followed by a bearish crossover as selling pressure increased. RSI oscillated between 28 and 79, hinting at overbought conditions near 79 and oversold near 28. Bollinger Bands show a moderate expansion from 331.07–334.5 to 321.79–327.57, with current price sitting at the lower band. Volatility may contract as price stabilizes near key Fibonacci levels.

Volume and notional turnover peaked during the 02:45–04:00 ET window, with 7227.54 units of volume and a turnover of 2,435,830.44 units. The price dropped from 336.73 to 328.7 during this period, indicating heavy distribution. However, a divergence between volume and price emerged in the final hours as volume waned despite continued price pressure. This could signal exhaustion in the bearish move.

Fibonacci retracements on the 24-hour swing (317.17–337.61) point to 327.2 (23.6%) and 331.6 (38.2%) as potential pivot zones. On a daily timeframe, the 61.8% retracement of recent bearish moves sits near 325.5, reinforcing the significance of this support level. The price appears to find support at 323.54 and could test this level again in the coming hours.

Backtest Hypothesis
The strategy under consideration involves a MACD golden-cross backtest, which could be applied if the correct ticker for the “Harbor Alpha Layering ETF” is identified and verified. Given the SUIJPY structure, similar setups could be tested using a 15-minute timeframe, with a golden-cross entry and a trailing stop near recent swing lows. The mixed momentum and key support/resistance levels observed today suggest a potential setup for such a strategy, particularly during consolidation phases near 325.5–327.2. This could serve as a validation point for future signal entry and exit rules.