Free-market US Dollar (USD/IRR) Records Daily Decline Amidst Bullish Trend
On October 17, 2026, the Free-market US Dollar (USD/IRR) concluded the trading session lower, marking its first consecutive day of decline. The currency pair...
Market Summary
On October 17, 2026, the Free-market US Dollar (USD/IRR) concluded the trading session lower, marking its first consecutive day of decline. The currency pair opened at 2,648,000 IRR and reached an intraday high of 2,658,000 IRR before retreating to a low of 2,633,600 IRR. The session closed at 2,638,000 IRR, reflecting a decrease from its opening price.
Interactive price chart
Market Analysis
The Free-market US Dollar experienced a daily decline on October 17, with the closing price of 2,638,000 IRR falling below the opening price of 2,648,000 IRR. This marks the first consecutive down day for the asset. Despite the recent pullback, the overall market structure indicates a bullish trend. The current price remains above its 20-day, 50-day, and 200-day Simple Moving Averages, which are positioned at 2,581,507 IRR, 2,342,907 IRR, and 1,877,388 IRR, respectively.
The latest session's high of 2,658,000 IRR was lower than the high recorded on October 15 (2,679,000 IRR), and the low of 2,633,600 IRR was also below the previous session's low of 2,669,000 IRR. The Free-market US Dollar is currently trading approximately 3.02% below its 52-week high and 88.38% above its 52-week low. Key levels to observe include a support at 2,329,600 IRR and resistance at 2,720,200 IRR. The 30-day volatility stands at 1.57%.
Technical Highlights
Momentum indicators present a mixed picture. The 14-period Relative Strength Index (RSI) is at 63.87, suggesting moderately positive momentum. However, the MACD histogram is negative at -13,482, indicating a recent deceleration in upward momentum.
The Average Directional Index (ADX) at 48.03 points to a strong underlying trend. The Plus Directional Indicator (+DI) at 39.13 is above the Minus Directional Indicator (-DI) at 24.33, suggesting that the strength is predominantly on the upside.
Conflicting signals emerge from trend direction indicators. The Supertrend indicator points to an upward trend with its value at 2,551,600 IRR. Conversely, the Parabolic SAR (PSAR) at 2,700,882 IRR indicates a downward trend. The Aroon Oscillator, at -54.17, also suggests a recent downward bias, highlighting a divergence in short-term trend signals.
The 14-day Average True Range (ATR) is approximately 46,402 IRR, providing a measure of the asset's typical daily price fluctuation.
Conclusion
The Free-market US Dollar (USD/IRR) experienced a daily decline on October 17, marking its first consecutive down day. Despite this, the broader market trend remains bullish, with the price trading above key moving averages. Technical indicators show positive momentum and strong trend strength, predominantly on the upside. However, some trend direction indicators present conflicting signals regarding the immediate short-term direction. 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.