Weekly SMC Outlook: DXY, EURUSD, GBPUSD, AUDUSD, XAUUSD

From youtube.com/justinbennettfx

In this week’s SMC outlook, I’m breaking down the DXY, EURUSD, GBPUSD, AUDUSD, and gold using Smart Money Concepts and price action. Last week was extremely sideways. There wasn’t much follow-through anywhere, which makes this week more about confirmation than prediction. Here’s what I’m watching. DXY (US Dollar Index) The DXY is still corrective after that impulsive drop we saw earlier. Price is distributing around the mean and respecting a channel on the 4-hour time frame. We have a buy side imbalance above and liquidity resting below recent lows. That makes this a decision point. If buyers take out the NFP high and we get acceptance above it, we could see a push into that fair value gap. If price starts closing below recent lows instead, that opens the door for continuation lower.