Free-market US Dollar (USD/IRR) Sees Daily Gain Amid Strong Bullish Trend

Market Summary

The Free-market US Dollar (USD/IRR) closed higher on October 8, 2026, settling at 2,662,000 IRR. This daily gain followed a decline in the previous session, with the instrument resuming its broader upward trajectory.

Market Analysis

On October 8, the USD/IRR opened at 2,656,850 IRR, reached an intraday high of 2,682,000 IRR, and a low of 2,652,000 IRR before closing at 2,662,000 IRR. This session's close marked a recovery from the October 7 close of 2,632,000 IRR.

Over the past month, the Free-market US Dollar has demonstrated a consistent bullish trend. The rate has advanced from approximately 2,305,000 IRR in mid-September to its current levels. The instrument is trading above its 20-day, 50-day, and 200-day Simple Moving Averages, reinforcing the established upward trend. The current price is approximately 2.14% below its 52-week high, while remaining significantly above its 52-week low. Identified resistance for the USD/IRR stands at 2,720,200 IRR, with support noted at 2,265,600 IRR.

Technical Highlights

Several technical indicators point to strong upward momentum and trend strength for the USD/IRR. The Average Directional Index (ADX) is at 57.99, indicating a very strong trend. This is further supported by the Plus Directional Indicator (+DI) at 48.11, which is notably higher than the Minus Directional Indicator (-DI) at 15.07, confirming the strength of the bullish movement.

Momentum indicators also suggest robust positive sentiment. The Relative Strength Index (RSI) is at 77.30, placing the instrument in overbought territory. Similarly, the Williams %R at -13.94 also indicates overbought conditions. The MACD line, at 127,887.15, remains above its signal line of 116,636.15, with a positive histogram of 11,251.00, signaling continued bullish momentum.

Conversely, the Aroon Oscillator is at -54.17, with Aroon Down at 70.83 significantly higher than Aroon Up at 16.67. This suggests that while the broader trend remains bullish, there has been a recent period where new lows were more prominent than new highs, potentially signaling a short-term moderation in the upward momentum.

Conclusion

The Free-market US Dollar (USD/IRR) recorded a daily gain on October 8, continuing its broader bullish trend. Technical analysis highlights strong trend strength and positive momentum, with the price trading above key moving averages and indicators like ADX, RSI, and MACD signaling a robust upward move. However, the Aroon Oscillator suggests some recent short-term weakening in the upward momentum within the overall bullish context. The available market data alone do not indicate the underlying cause of the observed price movement.

Live rates

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