Free-market US Dollar (USD/IRR) Extends Gains Amidst Bullish Trend
The Free-market US Dollar (USD/IRR) closed higher on August 3, 2026, marking a consecutive day of gains. The pair opened at 1,910,100 IRR and concluded the s...
Market Summary
The Free-market US Dollar (USD/IRR) closed higher on August 3, 2026, marking a consecutive day of gains. The pair opened at 1,910,100 IRR and concluded the session at 1,928,800 IRR.
Interactive price chart
Market Analysis
On August 3, 2026, the Free-market US Dollar traded within a range of 1,909,800 IRR to 1,930,200 IRR. The closing price of 1,928,800 IRR represents an increase from the previous session's close of 1,910,000 IRR. This latest session saw the pair record a higher close compared to the prior day.
The overall market structure for the Free-market US Dollar remains bullish. The current price is trading above its 20-day, 50-day, and 200-day Simple Moving Averages, reinforcing the established upward trend. The pair is approximately 1.10% below its 52-week high of 1,950,200 IRR, which also serves as a resistance level. A key support level is identified at 1,774,800 IRR. Volatility over the past 30 days stands at 1.32%.
Technical Highlights
The technical landscape for the Free-market US Dollar indicates a sustained bullish trend with some mixed momentum signals.
- Trend Confirmation: The price continues to trade above its 20-day, 50-day, and 200-day Simple Moving Averages, confirming the prevailing bullish trend. Both the Supertrend and Parabolic SAR indicators also signal a bullish direction.
- Momentum Readings: The 14-period Relative Strength Index (RSI) at 60.37 suggests moderately positive momentum, remaining above its neutral 50 level. The Commodity Channel Index (CCI) at 60.58 also indicates positive momentum.
- Trend Strength: The Average Directional Index (ADX) at 24.86 suggests a developing trend is present.
- Diverging Momentum: Despite the overall bullish trend, the MACD histogram is negative at -3,487.51, with the MACD line positioned below its signal line. This suggests a potential weakening of upward momentum. Furthermore, the Aroon Oscillator is at -41.67, with Aroon Down significantly higher than Aroon Up, indicating that recent downward price action has been more pronounced than recent upward moves.
Conclusion
The Free-market US Dollar (USD/IRR) recorded a daily gain on August 3, 2026, extending its bullish trend as the price remains above key moving averages. While several momentum indicators show positive readings, some technical signals suggest a potential moderation in upward momentum. The available market data alone do not indicate the underlying cause of the observed price movement.
Live rates
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