Free-market US Dollar (USD/IRR) Recovers, Maintains Bullish Trend

Market Summary

The Free-market US Dollar (USD/IRR) closed higher on October 14, 2026, ending the session at IRR 2,639,000. This marked a recovery after opening at IRR 2,613,700 and touching a session low of IRR 2,599,000. The currency pair reached a high of IRR 2,643,100 during the day.

Market Analysis

The USD/IRR demonstrated a rebound in the latest session, closing above its opening price and recovering from an intraday low. This follows a previous session close of IRR 2,577,100 on October 13, indicating a gain for the day. The overall market structure for the Free-market US Dollar remains bullish. The current price is trading above its 20-day, 50-day, and 200-day Simple Moving Averages, reinforcing the established upward trend.

Over the past month, the USD/IRR has shown a general upward trajectory, with the price moving from approximately IRR 2,332,000 on September 22 to its current level. The latest session marks the first consecutive day of gains. Volatility over the last 30 days stands at approximately 1.55%. Key levels to observe include a support at IRR 2,302,600 and a resistance at IRR 2,720,200.

Technical Highlights

The technical landscape for the Free-market US Dollar (USD/IRR) presents a mix of strong trend signals and some indications of short-term momentum shifts.

The Relative Strength Index (RSI) is at 67.27, suggesting moderately positive momentum as it remains above the neutral 50 level. This indicates that buying interest is present, though not yet in overbought territory.

Trend strength is robust, with the Average Directional Index (ADX) registering 51.09. The Plus Directional Indicator (+DI) at 38.95 is significantly above the Minus Directional Indicator (-DI) at 21.63, confirming the strength and direction of the current bullish trend.

The Supertrend indicator also signals a bullish market, with the price trading above its current Supertrend level of IRR 2,551,600.

However, the Moving Average Convergence Divergence (MACD) histogram is negative at -12,988. This indicates that the MACD line has crossed below its signal line, suggesting a recent weakening of bullish momentum in the short term, even as both MACD lines remain in positive territory.

Conclusion

The Free-market US Dollar (USD/IRR) exhibited a recovery in the latest session, maintaining its broader bullish trend as indicated by its position above key moving averages and strong ADX readings. While momentum remains positive according to the RSI and Supertrend, the MACD histogram suggests a recent moderation in short-term bullish momentum. The available market data alone do not indicate the underlying cause of the observed price movement.

Live rates

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