Free-market US Dollar (USD/IRR) Extends Gains, Reaching 30-Day High
The Free-market US Dollar (USD/IRR) closed at 2,694,000 IRR on October 21, 2026, marking a notable daily increase from its opening price of 2,645,650 IRR. Th...
Market Summary
The Free-market US Dollar (USD/IRR) closed at 2,694,000 IRR on October 21, 2026, marking a notable daily increase from its opening price of 2,645,650 IRR. The session saw the pair trade within a range of 2,645,600 IRR to 2,704,000 IRR. This latest close represents the highest recorded in the past 30 days and extends the asset's consecutive daily gains to three sessions.
Interactive price chart
Market Analysis
The USD/IRR pair demonstrated a strong upward movement, with today's closing price of 2,694,000 IRR reflecting a gain of 48,350 IRR for the session. This performance places the pair firmly in a bullish trend, as indicated by its position above the 20-day, 50-day, and 200-day Simple Moving Averages. The current price is also notably close to its 52-week high, standing just 0.96% below that level. The session's trading range was relatively wide, with the high of 2,704,000 IRR approaching the identified resistance level of 2,720,200 IRR. The 30-day volatility for the pair is measured at 1.50%.
Technical Highlights
Momentum for the USD/IRR remains positive, with the 14-day Relative Strength Index (RSI) at 68.29, indicating strong buying interest before reaching overbought conditions. The Average Directional Index (ADX) at 40.94 signals a strong trend, further supported by the Plus Directional Indicator (+DI) of 40.26 significantly outweighing the Minus Directional Indicator (-DI) of 22.59, confirming the bullish direction. The price is trading above its 20-day, 50-day, and 200-day Simple Moving Averages, which is a classic bullish alignment, further supported by the Supertrend (2,551,600 IRR) and Parabolic SAR (2,568,600 IRR) indicators. The price is also positioned above the middle Bollinger Band (2,637,847.5 IRR) and is nearing the upper band. However, the MACD histogram shows a negative value of -13,409.60, with the MACD line below its signal line, suggesting a potential short-term deceleration in bullish momentum.
Conclusion
The Free-market US Dollar (USD/IRR) concluded the October 21, 2026, session with significant gains, achieving its highest close in 30 days and extending a three-day upward streak. The overall market structure and key trend indicators point to a strong bullish environment, with the price nearing its 52-week high. While momentum remains positive, some indicators suggest a potential short-term easing of upward pressure. The available market data alone do not indicate the underlying cause of the observed price movement.
Live rates
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