The forex market is gearing up for an eventful September, with markets showing breakout potential at any time.<\/p>\n
Watch today\u2019s video to see how I\u2019m trading the DXY, EURUSD, GBPUSD, USDCHF, and XAUUSD as we roll into September.<\/p>\n
US Dollar Index (DXY) Forecast <\/p>\n
The DXY made a round trip last week, targeting the 98.60 resistance level, followed by the 97.70 support level.<\/p>\n
On Friday, the USD index is trading below its August trend line on a 4-hour closing basis for the first time. That could be a clue for what\u2019s to come next week, potentially opening up levels like 97.40 and 96.70.<\/p>\n
As discussed in recent videos, 96.70 is the bottom of a 2011 channel. There are also two poor lows in the area at 96.62 and 96.69. Both could become targets for the DXY in September.<\/p>\n
However, the index first needs to break the 97.70 support level on the high time frames. If that happens, we likely see the US dollar trend lower in the first half of September.<\/p>\n
Although a break below 97.70 would be bearish toward 96.70, staying bearish if we see the latter is ill-advised.<\/p>\n
Weekly Forex Forecast For DXY, EURUSD, GBPUSD, USDCHF and XAUUSD (September 1-5, 2025) 6 EURUSD Forecast <\/p>\n
The EURUSD is pushing toward the 1.1720 resistance area after testing key support on Wednesday. The 1.1580 region is a confluence of support, marked by a key horizontal from June and the March ascending trend line.<\/p>\n
For now, the euro remains range-bound as we head into September. However, my base case is for the EURUSD to extend toward 1.1800 next month. There is a poor high from July at 1.1810 that bulls may target, which aligns with the DXY unfinished auctions discussed above.<\/p>\n
But just like the DXY, the EURUSD has work to do. 1.1720 won\u2019t go down without a fight. Bulls need to secure a sustained break above that on the high time frames to open the door to 1.1790 resistance and potentially the 1.1810 poor high in September.<\/p>\n
Alternatively, a sustained break below 1.1600 would be bearish for the EURUSD.<\/p>\n
Weekly Forex Forecast For DXY, EURUSD, GBPUSD, USDCHF and XAUUSD (September 1-5, 2025) 7 GBPUSD Forecast <\/p>\n
GBPUSD is coiling tighter as we head toward September. The pair has ping-ponged between its August trend line support and July trend line resistance for weeks.<\/p>\n
On Friday, buyers stepped in at the 1.3450 support I pointed out in Thursday\u2019s video. GBPUSD subsequently tested the July trend line resistance hours later at 1.3516.<\/p>\n
The pair is nearing breakout territory, but it\u2019s not there yet. A sustained break above 1.3530 will open the door to 1.3580 and potentially the 1.3700 imbalances from July.<\/p>\n
On the flip side, a sustained break below 1.3450 would be bearish. I remain long on GBPUSD from 1.3455, an entry I shared with VIP members<\/a> in real time last week.<\/p>\n Like many other currency pairs, USDCHF has been choppy and difficult to trade. However, despite last week\u2019s indecision, the pair remains below the 0.8030 key level on a weekly closing basis.<\/p>\n That leaves the door open to the poor lows, or unfinished auctions from July. Those levels span between 0.7944 to 0.7900.<\/p>\n If the DXY breaks below 97.70 next week, we will most likely see USDCHF trend lower to target those poor lows just above 0.7900. As long as the pair remains below 0.8030 on a weekly closing basis, that\u2019s my base case for USDCHF.<\/p>\n Alternatively, a sustained break above 0.8030 on the weekly time frame would be bullish.<\/p>\n Weekly Forex Forecast For DXY, EURUSD, GBPUSD, USDCHF and XAUUSD (September 1-5, 2025) 8 USDCHF Forecast <\/p>\n
Weekly Forex Forecast For DXY, EURUSD, GBPUSD, USDCHF and XAUUSD (September 1-5, 2025) 9 XAUUSD (Gold) Forecast <\/p>\n