Today's HKD to PKR Price Update

Summary

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

Definition

The Hong Kong Dollar (HKD) is a major fiat currency pegged to the U.S. Dollar, while the Pakistani Rupee (PKR) is the official currency of Pakistan. The exchange rate between them reflects market sentiment regarding currency valuation and cross-border economic dynamics between the two regions.

Today’s Price

• 1 HKD = 36.28 PKR
• 24h High: 36.0355 PKR
• 24h Low: 36.0125 PKR

Market Analysis

Recent HKD/PKR price movements show technical characteristics worthy of trader attention.

• Technical indicators: The 14-day Relative Strength Index (RSI) stands at 22.044, indicating the pair is currently in oversold territory
• Price outlook: Technical analysis suggests the pair is in an uptrend for the short term, with forecasts indicating potential appreciation toward 39.545 PKR within one year
• Trading strategy: Traders should focus on support and resistance levels, pivot points, and key turning points for optimal entry and exit positioning

Conclusion

Continue to monitor the HKD/PKR pair closely, integrating technical indicators with market sentiment and trading signals. The current oversold RSI combined with bullish technical indicators presents potential trading opportunities for both short-term traders and those with medium-term horizons.