Free-market US Dollar (USD/IRR) Extends Gains, Reaches 30-Day High
The Free-market US Dollar (USD/IRR) closed higher on September 29, 2026, marking its third consecutive day of gains. The instrument reached a new 30-day high...
Market Summary
The Free-market US Dollar (USD/IRR) closed higher on September 29, 2026, marking its third consecutive day of gains. The instrument reached a new 30-day high and traded within a wide range, approaching its 52-week high.
Interactive price chart
Market Analysis
In the latest trading session, the Free-market US Dollar opened at 2,499,950 IRR and closed at 2,537,000 IRR, reflecting a notable advance. The session saw a high of 2,537,200 IRR and a low of 2,493,600 IRR, indicating a broad trading range. The closing price represents the highest recorded in the past 30 days.
The instrument is currently in a bullish trend, with its price trading above the 20-day, 50-day, and 200-day Simple Moving Averages, reinforcing the upward trajectory. The current price is notably close to its 52-week high, with a distance of less than 0.01%. This upward movement follows three consecutive days of price increases.
Technical Highlights
Momentum indicators suggest a strong upward drive. The 14-period Relative Strength Index (RSI) stands at 81.45, indicating robust buying interest and placing the instrument in overbought territory. The Average Directional Index (ADX) is at 50.41, signaling a very strong trend, with the Plus Directional Indicator (+DI) at 58.51 significantly above the Minus Directional Indicator (-DI) at 12.44, confirming the strength of the bullish trend.
The price trading above the upper Bollinger Band, which is at 2,457,370 IRR, further underscores the strong upward movement and suggests a potentially extended rally. The Commodity Channel Index (CCI) at 323.47 also points to strong upward momentum and an overbought condition. Additionally, the Moving Average Convergence Divergence (MACD) shows a positive histogram of 6,152.78, with the MACD line above its signal line, reinforcing the bullish momentum.
Conclusion
The Free-market US Dollar (USD/IRR) demonstrated strong bullish momentum in the latest session, extending its gains for a third consecutive day and reaching a 30-day high while nearing its 52-week high. Technical indicators largely support the strong upward trend, though some suggest the instrument is in overbought conditions. The available market data alone do not indicate the underlying cause of the observed price movement.
Live rates
Track the latest Free-market US Dollar (USD/IRR) session on Iran Market Data.