Free-market US Dollar (USD/IRR) Declines in Latest Session, Short-Term Momentum Weakens

Market Summary

The Free-market US Dollar (USD/IRR) experienced a decline in the session ending August 8, 2026. The currency pair opened at IRR 1,879,950 and reached a high of IRR 1,880,200 before falling to a low of IRR 1,854,800. It closed the session at IRR 1,859,000, marking a decrease of IRR 21,200 from the previous session's close of IRR 1,880,200. This represents the first consecutive down day.

Market Analysis

The latest session for the Free-market US Dollar saw a notable downward movement, with the closing price near the session's low. The trading range for the day was approximately IRR 25,400, indicating a relatively wide session. Over the past three sessions, the USD/IRR has recorded lower highs and lower lows, suggesting recent downward pressure despite the overall market structure indicating a "Bullish" trend.

The current price of IRR 1,859,000 is approximately 4.68% below its 52-week high, while remaining significantly above its 52-week low by about 75.41%. The 30-day volatility stands at approximately 1.41%. Key levels to observe include a support at IRR 1,834,800 and a resistance at IRR 1,950,200.

Technical Highlights

From a technical perspective, the Free-market US Dollar shows mixed signals. The price has fallen below its 20-day Simple Moving Average (SMA20) of IRR 1,903,810, indicating short-term weakness. However, it remains above its 50-day SMA (IRR 1,791,588) and 200-day SMA (IRR 1,620,633), suggesting that the broader bullish trend persists.

Momentum indicators reflect this recent shift. The Moving Average Convergence Divergence (MACD) line has crossed below its signal line, and the MACD histogram is negative at -11,638, signaling a bearish momentum crossover. The Aroon Oscillator is at -25.0, with Aroon Down (91.67) significantly higher than Aroon Up (66.67), which points to a stronger downward trend over the recent period.

Furthermore, the Parabolic SAR (PSAR) is positioned above the current price at IRR 1,945,200, which typically indicates a downward trend. The Average Directional Index (ADX) is at 20.68, suggesting a non-trending or weakening trend environment, while the Minus Directional Indicator (29.73) is above the Plus Directional Indicator (25.79), reinforcing the presence of recent downward pressure.

Conclusion

The Free-market US Dollar (USD/IRR) concluded the August 8 session with a decline, closing near its daily low. While the overall market structure remains bullish, recent price action and several technical indicators point to short-term bearish momentum and weakening trend strength. The available market data alone do not indicate the underlying cause of the observed price movement.

Live rates

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