Free-market US Dollar (USD/IRR) Extends Gains, Reaches 30-Day High
The Free-market US Dollar (USD/IRR) recorded a fifth consecutive daily gain on September 2, 2026, closing at 2,199,000 IRR. This marks the highest closing pr...
Market Summary
The Free-market US Dollar (USD/IRR) recorded a fifth consecutive daily gain on September 2, 2026, closing at 2,199,000 IRR. This marks the highest closing price for the instrument in the last 30 days. The session saw the USD/IRR trade within a range of 38,200 IRR, opening at 2,172,000 IRR and reaching a high of 2,205,200 IRR before settling.
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Interactive price chart
Market Analysis
The Free-market US Dollar continued its upward trajectory, posting a daily gain of 27,000 IRR. The instrument's price action demonstrated a clear bullish trend, with the latest session's high of 2,205,200 IRR establishing a new resistance level. The low for the day was 2,167,000 IRR. Over the past five trading sessions, the USD/IRR has consistently closed higher, reflecting sustained upward momentum.
The current price is trading above its 20-day, 50-day, and 200-day Simple Moving Averages, reinforcing the prevailing bullish trend. The Free-market US Dollar is also trading very close to its 52-week high, with a distance of only 0.28%. Conversely, it remains significantly distant from its 52-week low, indicating a strong upward shift over the past year.
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Technical Highlights
Several technical indicators underscore the current bullish sentiment and highlight potential overextension.
- Trend Confirmation: The Free-market US Dollar maintains a "Bullish" trend, with its price positioned above the 20-day, 50-day, and 200-day Simple Moving Averages. The Supertrend and Parabolic SAR indicators also confirm the ongoing uptrend.
- Momentum Indicators: The 14-period Relative Strength Index (RSI) is at 85.68, while the Stochastic RSI (K) is at 100.0 and Williams %R is near -1.76. These values place the instrument firmly in overbought territory, suggesting strong buying pressure but also indicating that the upward move may be extended. The Commodity Channel Index (CCI) at 173.73 further supports strong upward momentum.
- Trend Strength: The Average Directional Index (ADX) is at 37.66, indicating a strong underlying trend. The positive directional indicator (+DI) is significantly higher than the negative directional indicator (-DI), reinforcing the strength of the bullish direction.
- Volatility and Price Extension: The price closed above the upper Bollinger Band, which is typically interpreted as a sign of strong upward momentum that has pushed the price beyond its average volatility range.
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Conclusion
The Free-market US Dollar (USD/IRR) demonstrated robust performance, extending its consecutive daily gains to five sessions and closing at a 30-day high. The overall trend remains bullish, supported by the price trading above key moving averages and strong trend indicators. However, several momentum indicators suggest the instrument is in overbought conditions, and the price closing above the upper Bollinger Band points to an extended move. The available market data alone do not indicate the underlying cause of the observed price movement.
Live rates
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