Free-market US Dollar (USD/IRR) Extends Gains to Seven Consecutive Sessions
The Free-market US Dollar (USD/IRR) closed higher on October 4, 2026, marking its seventh consecutive day of gains. The currency reached a new 30-day closing...
Market Summary
The Free-market US Dollar (USD/IRR) closed higher on October 4, 2026, marking its seventh consecutive day of gains. The currency reached a new 30-day closing high, trading within a wide intraday range.
Interactive price chart
Market Analysis
The Free-market US Dollar continued its upward trajectory, with the latest session closing at 2,683,000 IRR. This represents the highest closing price observed in the last 30 days. The session saw the USD/IRR open at 2,700,000 IRR, reach an intraday high of 2,720,200 IRR, and a low of 2,657,600 IRR before settling. The current price is trading above its 20-day, 50-day, and 200-day Simple Moving Averages, reinforcing the established bullish trend. The currency is also positioned close to its 52-week high, being approximately 1.37% away. The 30-day volatility stands at 1.59%. The intraday high of 2,720,200 IRR matched the identified resistance level for the session.
Technical Highlights
Momentum indicators suggest the Free-market US Dollar is in an extended upward phase. The 14-period Relative Strength Index (RSI) is at 86.71, indicating highly overbought conditions. This is further supported by the Stochastic RSI, which is at 100.0. The Average Directional Index (ADX) at 56.07 points to a very strong trend, with the positive directional indicator (+DI) significantly above the negative directional indicator (-DI), at 64.98 versus 8.39, respectively. The Moving Average Convergence Divergence (MACD) shows positive momentum, with its histogram above the zero line. Furthermore, the price is trading above the upper Bollinger Band, which often signals strong upward movement that may be overextended. Both the Supertrend and Parabolic SAR (PSAR) indicators confirm the prevailing bullish trend.
Conclusion
The Free-market US Dollar (USD/IRR) demonstrated a strong bullish trend, extending its consecutive daily gains to seven sessions and achieving a 30-day closing high. While the trend strength is notable, momentum indicators suggest the currency is currently in an overbought state. 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.