Weekly SMC Outlook: DXY, EURUSD, GBPUSD, AUDUSD, XAUUSD (April 6-10) seems to be a hot topic
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This is description
I just launched a free 3-day SMC strategy course that walks through exactly how I trade structure, liquidity, and entries as a full-time trader.
You can access it here: https://access.dailypriceaction.com/smc-strategy
The US dollar could be setting up for another big move in April, and that has major implications for EURUSD, GBPUSD, AUDUSD, and gold.
In this week’s SMC outlook, I’m walking through the exact structure I’m watching and how I’m approaching these markets right now using the same Smart Money Concepts I trade every day.
We’ll look at the dollar first, then break down the euro, pound, Australian dollar, and gold to identify where liquidity sits and what would confirm the next move.
As always, this is just my opinion based on price action and structure.
DXY (US Dollar Index)
The same structure we’ve been watching since late January is still intact. The dollar continues to make higher highs and higher lows, and the bullish structure shift we saw recently remains significant.
Last week’s pullback didn’t change the bigger picture. From my perspective, buys on pullbacks still make sense while the market maintains this structure.
The key area I’m watching is the 100.60–100.80 region. If we see acceptance above recent highs on something like the 1-hour timeframe, that would confirm a new break of structure and likely continue the move higher.
If the dollar were to take out the lows around 98.80–99.00, that would obviously change things. But right now there’s very little reason to be bearish on the dollar.
EURUSD
The euro remains bearish as long as price stays below the external high.
I actually took a short here last week and shared the entry live in Discord. The setup came from the same mechanical process I use in all my trades — identifying structure, waiting for a lower timeframe shift, and entering after confirmation.
The market moved into premium inside this broader consolidation range and gave a clean lower timeframe change of character. That’s where I entered short with stops above the highs.
In terms of targets, the lows near 1.1250 still make sense to me, especially since that area lines up with the bottom of the descending channel. If we eventually take out the external high, then the bearish outlook changes, but until that happens I’m still looking for shorts.
GBPUSD
The pound is also bearish, although the structure isn’t as clean as the euro.
We now have a new external high following the break of structure lower. As long as the market continues to make lower highs and lower lows below that level, the bias remains bearish.
If we get acceptance below the recent low, that would confirm another break of structure and potentially open the door for a bounce into premium where sellers could step back in.
Longer term, the structure still points toward the lows from late 2021 as a potential target.
AUDUSD
The Australian dollar followed the plan we discussed in the last outlook almost perfectly.
I pointed out the 0.6844 region as an area where the market could bounce before continuing lower, and that’s exactly what happened. Price consolidated there, mitigated the imbalance, and then sold off.
On the lower timeframes we saw the same pattern again — imbalance mitigation followed by a change of character and continuation lower.
Right now the bigger picture still favors a move toward the bottom of the channel and the imbalance below. Buyers will likely defend the recent lows, but structurally the path of least resistance is still lower.
Gold (XAUUSD)
Gold is the most interesting chart right now.
The recent bounce raises the question of whether we’ve seen a short-term change of character. However, there are still imbalances below price that haven’t been mitigated yet.
Because of that, I’m not interested in buying up here.
If I’m going to get long gold, I want to see price sweep the lows below 4350, move into discount, and then give a lower timeframe change of character. That would signal a potential higher low before another push higher.
If the dollar remains strong next week, that could easily push gold down into that region first.
#forex #smc #smartmoneyconcepts #dxy #eurusd #gbpusd #audusd #goldtrading
CHAPTERS
0:00 Weekly SMC Outlook
5:25 EURUSD Outlook
10:44 GBPUSD Outlook
13:01 AUDUSD Outlook
14:50 XAUUSD OutlookSMC LESSONS
BoS and CHoCH made simple
https://youtu.be/FE1bgD9N6DMSteal my liquidity sweep entry model (beginner-friendly)
https://youtu.be/XH4TAoLCFBkPremium, discount, and OTE explained
https://youtu.be/UWrvexqN3w8Disclaimer: This video is for educational purposes only and is not financial advice. Trading forex, crypto, and other markets involves risk and may not be suitable for all investors. Always do your own research and never risk money you can’t afford to lose. I am not responsible for any losses you may incur from acting on the information in this video.
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>>7 Thank u
