Free-market US Dollar (USD/IRR) Extends Gains Amid Strong Trend

Market Summary

The Free-market US Dollar (USD/IRR) closed higher on October 15, 2026, reaching 2,679,000 IRR. The session saw the currency open at 2,674,050 IRR, trade within a range of 10,000 IRR, and close at its daily high. This marks the second consecutive day of gains for the USD/IRR.

Market Analysis

The Free-market US Dollar has demonstrated a bullish trend, with the latest closing price of 2,679,000 IRR positioned above its 20-day, 50-day, and 200-day simple moving averages. This indicates a sustained upward trajectory across various timeframes. The currency is currently trading approximately 1.5% below its 52-week high, while being significantly above its 52-week low.

Looking at recent price action, the USD/IRR has rebounded from a low of 2,577,100 IRR recorded on October 13, posting gains for two consecutive sessions. The latest session's close at the daily high suggests strong intraday momentum. The 30-day volatility stands at 1.55%, reflecting moderate price fluctuations over the past month. Key levels to observe include the identified support at 2,302,600 IRR and resistance at 2,720,200 IRR.

Technical Highlights

Momentum indicators present a mixed picture. The 14-period Relative Strength Index (RSI) is at 70.22, suggesting the asset is in overbought territory. This indicates strong buying interest, but also signals potential for a pullback.

The Average Directional Index (ADX) is at 49.93, with the Plus Directional Indicator (+DI) at 42.07 significantly above the Minus Directional Indicator (-DI) at 20.30. This configuration points to a strong and well-defined uptrend.

However, some indicators offer a contrasting view. The MACD histogram is negative at -11,445.88, and the Parabolic SAR (PSAR) is positioned above the current price at 2,706,393 IRR with a downward direction, which typically suggests a potential reversal or weakening of the uptrend. Similarly, the Aroon Oscillator is at -54.17, with Aroon Down significantly higher than Aroon Up, implying that the most recent low occurred more recently than the most recent high.

Conclusion

The Free-market US Dollar (USD/IRR) extended its advance for a second day, closing at its daily high and maintaining a bullish trend above key moving averages. While the ADX confirms the strength of the uptrend, the RSI indicates overbought conditions. Conflicting signals from MACD, PSAR, and Aroon suggest some underlying divergence in momentum. The available market data alone do not indicate the underlying cause of the observed price movement.

Live rates

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