Today's CNY to HKD Price Update

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Summary

This report provides the real-time exchange rate between the Chinese Yuan (CNY) and Hong Kong Dollar (HKD), helping traders quickly grasp market dynamics and identify potential trading opportunities.

Definition

The Chinese Yuan (CNY) and Hong Kong Dollar (HKD) are both important fiat currencies in the Asian financial markets. The exchange rate between them reflects market sentiment regarding regional economic conditions and currency stability, serving as a key indicator for cross-border trade and investment flows.

Today’s Price

  • 1 CNY = 1.11 HKD
  • 24h High: 1.1141 HKD
  • 24h Low: 1.1072 HKD

Market Analysis

Recent CNY/HKD price movements show mixed technical signals. The 14-day Relative Strength Index (RSI) reading of 82.351 suggests overbought conditions, with volatility over the last 30 days recorded at 0.29%.

  • Technical Indicators: RSI levels indicate overbought conditions in the CNY/HKD pair
  • Market Sentiment: Current analysis suggests a hold position, with positive signals present but not sufficient for aggressive buying
  • Risk Note: Overbought conditions may lead to potential pullbacks or consolidation in the near term

Conclusion

Continue to monitor the CNY/HKD pair closely, paying attention to RSI levels and overbought/oversold conditions. Traders should exercise caution given current overbought signals while remaining alert to potential reversal opportunities at key technical levels.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
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