Justin Bennett (Daily Price Action)

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

In this weekly SMC Outlook, trader Justin Metta outlines his trade plan for the U.S. Dollar Index (DXY) and the major currency pairs EUR/USD, GBP/USD, AUD/USD, as well as gold (XAU/USD). He emphasizes that after weeks of sideways consolidation, price action is finally providing clear directional cues, and he backs his forecasts with structural breaks, imbalances, and change‑of‑character signals. Metta sees the DXY turning bullish, targeting the 100.5 level as a short‑term resistance before a possible pullback, while noting a longer‑term upside bias toward the 106 zone. For the euro, he recommends short positions between 1.15 and 1.1475, citing a bearish channel break and unmitigated fair‑value gaps. The pound is viewed as short‑biased, with the 1.33 low acting as a pivotal break‑of‑structure point and premium OTE zones offering entry opportunities. The Australian dollar shows an imbalance near 0.6950, suggesting a short entry after a bounce, and gold is expected to test lower levels if it cannot sustain recent highs. Metta highlights real‑time calls made in his Discord, such as “I called a Euro short on Friday at 1.59,” and stresses the importance of observing change‑of‑character candles and BOS (break‑of‑structure) events. He repeatedly points to imbalances and fair‑value gaps as the primary drivers for his trade ideas, illustrating how these micro‑structures translate into actionable setups across the five assets. For traders, the outlook provides concrete price targets and risk zones to monitor next week. By aligning positions with the identified structural breaks, market participants can better manage exposure in a volatile environment where the dollar’s momentum may dictate broader FX and commodity trends.