Free-market US Dollar (USD/IRR) Retreats as Short-Term Momentum Shifts

Market Summary

The Free-market US Dollar (USD/IRR) experienced a decline in the latest trading session on August 15, 2026, closing lower than its opening price. This marks a single day of decline for the currency pair. Despite this recent pullback, the overall market structure indicates a bullish trend.

Market Analysis

On August 15, the Free-market US Dollar opened at 1,875,850 IRR, reaching an intraday high of 1,877,200 IRR. The pair subsequently declined to a low of 1,869,800 IRR before closing the session at 1,870,050 IRR. The closing price was near the session's low and below the opening price, indicating a downward movement for the day.

Comparing the latest session to the previous trading day (August 11), the USD/IRR recorded a lower high and a lower close, though the session's low was higher. This suggests a slight contraction in the trading range following the prior upward movement. The currency pair remains significantly above its 52-week low by 64.65%, while trading 4.11% below its 52-week high. Volatility over the past 30 days stands at 1.33%. Key support for the USD/IRR is identified at 1,846,800 IRR, with resistance at 1,945,200 IRR.

Technical Highlights

Technical indicators present a mixed outlook, reflecting short-term weakness within a broader bullish context.

• Moving Averages: The USD/IRR closed below its 20-day Simple Moving Average (SMA) of 1,891,452.5 IRR, signaling short-term bearish pressure. However, the price remains above both its 50-day SMA (1,830,047.0 IRR) and 200-day SMA (1,686,751.7 IRR), supporting the underlying bullish trend.
• Aroon Indicator: The Aroon Up indicator is at 100.0, with Aroon Down at 12.5, resulting in a strong positive Aroon Oscillator of 87.5. This configuration strongly suggests the presence of an ongoing upward trend.
• MACD: The Moving Average Convergence Divergence (MACD) shows a bearish signal, with the MACD line below its signal line and the MACD histogram in negative territory, indicating a recent shift towards downward momentum.
• Parabolic SAR (PSAR): The PSAR indicator provides a bearish signal, with its direction at -1.0, as the current price is below the PSAR value of 1,919,113.6 IRR.
• ADX: The Average Directional Index (ADX) is at 18.87, suggesting a weak or non-trending market. The Minus Directional Indicator (+DI) is slightly above the Plus Directional Indicator (-DI), hinting at a marginal bearish directional bias.

Conclusion

The Free-market US Dollar (USD/IRR) experienced a daily decline on August 15, closing near its session low. While several short-term momentum indicators, such as MACD and PSAR, suggest bearish pressure, the broader market structure and long-term moving averages, along with the Aroon indicator, continue to point towards an underlying bullish trend. The available market data alone do not indicate the underlying cause of the observed price movement.

Live rates

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