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

Market Summary

On September 15, 2026, the Free-market US Dollar (USD/IRR) experienced a daily decline, closing lower than its opening price. The pair opened at 2,316,100 IRR and concluded the session at 2,303,950 IRR.

Market Analysis

The USD/IRR traded within a range on September 15, reaching an intraday high of 2,325,200 IRR and a low of 2,297,600 IRR. The closing price of 2,303,950 IRR represents a daily loss for the pair. Despite this recent pullback, the Free-market US Dollar maintains a prevailing bullish trend, with its current price positioned above its 20, 50, and 200-day simple moving averages. The pair is trading approximately 2.8% below its 52-week high and stands significantly higher, by about 74.6%, compared to its 52-week low.

Technical Highlights

• The overall market structure for the Free-market US Dollar indicates a bullish trend, as the price remains above its 20-day, 50-day, and 200-day simple moving averages, which are at 2,182,920 IRR, 2,008,631 IRR, and 1,760,700 IRR, respectively.
• Trend strength is notably high, with the Average Directional Index (ADX) registering 56.47. The Plus Directional Indicator (+DI) of 46.42 significantly exceeds the Minus Directional Indicator (-DI) of 14.63, reinforcing the strength of the upward movement.
• Momentum remains robust, with the 14-period Relative Strength Index (RSI) at 70.26. This reading suggests strong upward momentum, potentially indicating that the asset is in an overbought condition.
• The Moving Average Convergence Divergence (MACD) indicator shows the MACD line positioned above its signal line, accompanied by a positive histogram of 4,649.75 IRR, which further supports the presence of positive momentum.
• Conversely, the Aroon Oscillator, at -87.5, suggests a potential moderation in recent upward strength. With Aroon Down at 100 and Aroon Up at 12.5, it indicates that the most recent high was not achieved recently, and the lowest low within the lookback period occurred 14 sessions ago.

Conclusion

The Free-market US Dollar (USD/IRR) experienced a daily decline on September 15, 2026. However, the pair continues to exhibit a strong bullish trend, supported by its position relative to key moving averages and robust ADX readings. While momentum indicators like RSI and MACD remain positive, the Aroon Oscillator suggests a potential moderation in recent upward strength. The available market data alone do not indicate the underlying cause of the observed price movement.

Live rates

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