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

From youtube.com/justinbennettfx

Markets are finally on the move again after weeks of consolidating, and in this SMC Outlook video I'm sharing my exact trade plan for the DXY, EURUSD, GBPUSD, AUDUSD, and gold (XAUUSD) for next week. We've had a lot of sideways price action across the board, but Friday's breakout changed things, and the smart-money concepts roadmap is getting much clearer. DXY (US Dollar Index) The US dollar index is technically bullish from an SMC standpoint following the bullish change of character on the daily timeframe. On the four hour chart we never got the pullback into the imbalance before Friday's breakout from the channel, which tells you how strong this market is right now. The area to watch next week is 100.5, where the March highs intersect with the top of the ascending channel. That's a spot where the dollar could pull back before continuing. Longer term, that change of character could open up levels like 106 over the next six to twelve months as the market works toward that daily imbalance from 2025. EURUSD I called the euro short in Discord on Friday from 1.1589 after the four hour close below the bottom of the bearish channel. The breakdown from that bear flag pattern puts the focus on the pocket between 1.15 and 1.1475, where we have an unmitigated fair value gap from the earlier displacement. With the bearish change of character on the daily timeframe and lower highs in place, it's shorts only for me on the euro. The plan next week is to wait for a bounce into premium, watch for mitigation of the buy side imbalances, and look for a lower timeframe shift to get short targeting the lows. GBPUSD