Free-market US Dollar (USD/IRR) Extends Gains, Bullish Trend Holds
The Free-market US Dollar (USD/IRR) closed higher on August 19, 2026, marking its second consecutive day of gains. The instrument traded within a range of 1,...
Market Summary
The Free-market US Dollar (USD/IRR) closed higher on August 19, 2026, marking its second consecutive day of gains. The instrument traded within a range of 1,874,800 IRR to 1,894,200 IRR, ultimately settling above its opening price.
Interactive price chart
Market Analysis
On August 19, the Free-market US Dollar opened at 1,875,150 IRR and closed the session at 1,886,000 IRR, registering a daily increase of 10,850 IRR. The session's high of 1,894,200 IRR and low of 1,874,800 IRR both surpassed the previous day's respective high and low, indicating an upward shift in the daily trading range.
Over the past month, the USD/IRR has seen a general decline from late July highs, which reached approximately 1,945,200 IRR, to mid-August lows around 1,854,000 IRR. However, the recent two sessions suggest a recovery from these lower levels. The current closing price of 1,886,000 IRR remains approximately 3.3% below its 52-week high, while standing significantly above its 52-week low. Volatility over the last 30 days has been relatively low, measured at 1.09%. Key levels of support are identified at 1,846,800 IRR, with resistance noted at 1,945,200 IRR.
Technical Highlights
The overall market structure indicates a bullish trend for the Free-market US Dollar. The price is positioned above both its 50-day (1,850,622 IRR) and 200-day (1,695,347.95 IRR) Simple Moving Averages (SMAs), suggesting a positive medium-to-long term outlook, though it closed slightly below its 20-day SMA (1,888,897.5 IRR). Momentum remains moderately positive, with the 14-period Relative Strength Index (RSI) at 53.93. Further supporting an upward bias, the Aroon Oscillator's positive value of 37.5, driven by a higher Aroon Up (66.67) compared to Aroon Down (29.17), indicates strengthening upward trend momentum. However, other indicators present conflicting signals: the Moving Average Convergence Divergence (MACD) line below its signal line and a negative histogram suggest a recent weakening of bullish momentum, while the Supertrend indicator signals a bullish direction, contrasting with the Parabolic SAR (PSAR) which points to a bearish trend.
Conclusion
The Free-market US Dollar (USD/IRR) recorded a second consecutive day of gains on August 19, recovering from recent mid-August lows. While the overall market structure points to a bullish trend, technical indicators offer a mixed perspective, with some suggesting strengthening upward momentum and others indicating a recent weakening or conflicting trend signals. The available market data alone do not indicate the underlying cause of the observed price movement.
Live rates
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