Today's HKD to CNY Price Update

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Summary

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

Definition

The Hong Kong Dollar (HKD) and Chinese Yuan (CNY) are both major fiat currencies in the Asia-Pacific region. The exchange rate between them reflects market sentiment toward Hong Kong’s financial stability and China’s economic conditions, serving as an important indicator for regional capital flows and trade dynamics.

Today’s Price

  • 1 HKD = 0.899 CNY
  • 24h High: 0.90077 CNY
  • 24h Low: 0.89627 CNY

Market Analysis

Recent HKD/CNY price movement shows mixed technical signals with conflicting indicators across different timeframes.

  • Technical Signals: The MACD indicator suggests a Buy signal, while multiple moving averages (10-day, 20-day, 50-day, 100-day, and 200-day) indicate Sell signals. The Relative Strength Index (RSI) at 10.46 presents a Buy signal, suggesting potential oversold conditions.

  • Key Support and Resistance: Current trading activity remains constrained within the recent 24-hour range, with resistance near 0.9012 CNY (10-day EMA) and support around 0.8963 CNY.

  • Short-term Forecast: Market analysts project a potential 1.31% decline in the HKD/CNY rate over the coming month, suggesting downward pressure on the Hong Kong Dollar relative to the Chinese Yuan.

  • Risk Note: The conflicting technical signals between momentum indicators (MACD, RSI) and trend-following indicators (moving averages) indicate elevated uncertainty and potential volatility in the near term.

Conclusion

Continue to monitor the HKD/CNY pair closely, paying particular attention to divergences between momentum and trend indicators. Traders should exercise caution given the mixed technical environment and watch for confirmation signals before initiating positions. The forecasted downward bias warrants careful risk management strategies.

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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