Free-market US Dollar (USD/IRR) Sees Modest Gain Amidst Broader Uptrend

Market Summary

The Free-market US Dollar (USD/IRR) concluded the trading session on October 19, 2026, with a modest gain. The instrument opened at 2,631,100 IRR and closed at 2,633,950 IRR, marking a slight increase for the day. During the session, the price traded within a range of 30,000 IRR, reaching a high of 2,648,000 IRR and a low of 2,618,000 IRR.

Market Analysis

The Free-market US Dollar (USD/IRR) has maintained a bullish trend, as indicated by market structure analysis. The current closing price of 2,633,950 IRR positions the instrument above its 20-day, 50-day, and 200-day Simple Moving Averages, reinforcing an upward trajectory across multiple timeframes.

Looking at recent price action, the USD/IRR recorded a single day of gains following a decline in the previous session. The instrument is trading relatively close to its 52-week high, approximately 3.17% below that level, while remaining significantly distant from its 52-week low, by about 88.09%. Volatility over the past 30 days stands at approximately 1.5%. Key levels to observe include a support at 2,340,600 IRR and a resistance at 2,720,200 IRR.

Technical Highlights

• Trend Confirmation: The Free-market US Dollar (USD/IRR) is trading above its 20-day, 50-day, and 200-day Simple Moving Averages, which typically indicates a bullish trend across various time horizons. The Supertrend indicator also confirms an uptrend, with the price above its current Supertrend value of 2,551,600 IRR.
• Momentum: The 14-period Relative Strength Index (RSI) is at 62.94, suggesting positive momentum. This level is above the neutral 50-mark but remains below the overbought threshold of 70.
• Trend Strength: The Average Directional Index (ADX) is at 43.55, indicating a strong trend is in place. The Plus Directional Indicator (+DI) is above the Minus Directional Indicator (-DI), suggesting that this trend strength is predominantly in the upward direction.
• Mixed Short-Term Signals: While longer-term indicators suggest an uptrend, some short-term momentum indicators present a more nuanced picture. The MACD line is currently below its signal line, and the MACD histogram is negative, which could suggest a recent weakening of bullish momentum or a bearish crossover. Additionally, the Parabolic SAR (PSAR) has flipped to a negative direction, with the price trading below the PSAR level of 2,690,511 IRR, potentially signaling a short-term reversal or correction. The Aroon Oscillator, at -37.5, with Aroon Down higher than Aroon Up, also hints at recent downward pressure.

Conclusion

The Free-market US Dollar (USD/IRR) posted a modest gain on October 19, 2026, continuing to operate within a broader bullish trend as evidenced by its position above key moving averages and strong trend indicators. However, some short-term technical indicators suggest a recent weakening of momentum or potential for a near-term correction. 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.