Free-market US Dollar (USD/IRR) Records Second Consecutive Daily Loss

Market Summary

The Free-market US Dollar (USD/IRR) experienced a decline on August 16, 2026, closing lower than its opening price. This marks the second consecutive session of losses for the instrument. Despite the recent pullback, the overall market structure indicates a bullish trend.

Market Analysis

On August 16, the Free-market US Dollar opened at 1,869,000 IRR and reached an intraday high of 1,869,100 IRR. It subsequently traded down to a low of 1,854,800 IRR before closing the session at 1,866,800 IRR. This closing price represents a modest daily loss compared to the open.

Looking at recent performance, the USD/IRR has seen two consecutive days of decline, following a close of 1,870,050 IRR on August 15. The current price is notably below the recent high of 1,937,000 IRR observed on July 31 and August 1. Despite this short-term weakness, the market structure maintains a bullish trend. The instrument is trading approximately 4.28% below its 52-week high, while remaining significantly above its 52-week low. Key support for the USD/IRR is identified at 1,846,800 IRR, with resistance at 1,945,200 IRR.

Technical Highlights

The technical landscape for the Free-market US Dollar presents a nuanced view. The price currently trades below its 20-day Simple Moving Average (SMA) of 1,889,942.5 IRR, suggesting short-term pressure. However, it remains above both its 50-day SMA of 1,835,463.0 IRR and its 200-day SMA of 1,688,810.7 IRR, reinforcing the medium and long-term upward trajectory.

Momentum indicators reflect this mixed sentiment. The MACD histogram is negative at -8,476.25, signaling bearish momentum in the short term. The Relative Strength Index (RSI) stands at 48.70, indicating neutral conditions without suggesting overbought or oversold levels.

Regarding trend-following indicators, the Supertrend indicator maintains an upward trend signal, with the current price positioned above its line at 1,846,125.78 IRR. Conversely, the Parabolic SAR (PSAR) shows a bearish signal, as the price has moved below the PSAR points, suggesting a potential short-term reversal.

Conclusion

The Free-market US Dollar (USD/IRR) recorded a second consecutive daily loss on August 16, closing at 1,866,800 IRR. While short-term indicators like the MACD histogram and PSAR suggest bearish momentum and potential reversal, the instrument continues to hold above its medium and long-term moving averages, and the overall market structure remains bullish. The available market data alone do not indicate the underlying cause of the observed price movement.

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