Free-market US Dollar (USD/IRR) Sees Daily Dip Amidst Strong Bullish Trend

Market Summary

On September 14, 2026, the Free-market US Dollar (USD/IRR) concluded the trading session at IRR 2,313,000. The instrument opened at IRR 2,315,700, reaching an intraday high of IRR 2,346,200 before touching a low of IRR 2,312,600. The closing price represented a slight decline from its opening level for the day.

Market Analysis

The Free-market US Dollar (USD/IRR) experienced a marginal daily decline, with the closing price settling below the session's open. Despite this intraday movement, the broader market structure for the USD/IRR remains bullish. The instrument has demonstrated a consistent upward trajectory over the past month, with the current price trading significantly above its 52-week low, indicating a substantial appreciation of approximately 78% from that level. The daily trading range was notably wide, spanning from IRR 2,312,600 to IRR 2,346,200.

Technical Highlights

1. Trend Confirmation: The Free-market US Dollar (USD/IRR) maintains a bullish trend, with the current price trading above its 20-day, 50-day, and 200-day Simple Moving Averages. The 20-day SMA is positioned at IRR 2,164,072.5, the 50-day SMA at IRR 2,001,152, and the 200-day SMA at IRR 1,757,100, reinforcing the upward bias across multiple timeframes.
2. Momentum Indicators: Momentum remains strongly positive, as indicated by the Relative Strength Index (RSI) at 71.85. The Moving Average Convergence Divergence (MACD) also supports this, with its histogram showing a positive value of 9,255.81 and the MACD line positioned above its signal line.
3. Trend Strength: The Average Directional Index (ADX) is at 56.81, signaling a strong underlying trend. The Plus Directional Indicator (+DI) at 48.81 significantly outweighs the Minus Directional Indicator (-DI) at 12.59, further confirming the strength of the bullish movement.
4. Dynamic Support: Both the Parabolic SAR (PSAR) and Supertrend indicators are aligned with the bullish outlook. The PSAR is currently at IRR 2,285,600, while the Supertrend is at IRR 2,231,679, with both indicating an upward trend direction.
5. Volatility: The Average True Range (ATR) for the USD/IRR is approximately IRR 41,218, providing a measure of the instrument's average daily price fluctuation.

Conclusion

The Free-market US Dollar (USD/IRR) experienced a minor daily retreat on September 14, 2026. However, the broader market structure and key technical indicators continue to point towards a robust bullish trend, supported by strong momentum and trend strength. The available market data alone do not indicate the underlying cause of the observed price movement.

Live rates

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