Weekly SMC Outlook: DXY, EURUSD, GBPUSD, AUDUSD, XAUUSD (Jan 12-16)

This video breaks down my exact SMC read on the DXY, EURUSD, GBPUSD, AUDUSD, and gold, so you know where structure is shifting and what actually matters for next week.

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DXY (US Dollar Index)

The DXY shifted my bias last week after acceptance above the top of a distribution channel, which acted as an early warning before the hourly change of character.

That bullish CHoCH is now confirmed, and the focus shifts to pullbacks rather than chasing price higher.

I’m watching for a corrective move into a higher-timeframe area of interest where structure, OTE, and context line up for potential dollar longs.
Until then, patience matters, especially with choppy early-year price action.

EURUSD

EURUSD has now flipped structure with a confirmed bearish change of character, supported by what we saw on the DXY.

Even though the break itself was tight, internal liquidity was swept and structure shifted, which changes the directional bias.

I’m not chasing this move lower.
Instead, I’m watching for a relief rally into a higher-timeframe fair value gap that aligns with OTE, where the euro could come under pressure again if structure holds.

GBPUSD

GBPUSD is the cleanest chart on my list right now.

We’re sitting directly on a key external low, and the market is clearly struggling to hold above it.

If we get an hourly close below that level, that confirms a bearish change of character and opens the door for shorts on a pullback into a four-hour imbalance.

This is one of those situations where confirmation matters more than anticipation.

AUDUSD

AUDUSD is back on my radar after months of messy price action.

Structure is still technically bullish, but we’re sitting right on a critical protected low.

If price closes below that level, it confirms a bearish change of character and puts multiple higher-timeframe imbalances in play as potential shorting areas.

This one could offer clean opportunities if structure finally breaks.

XAUUSD (Gold)

Gold remains bullish overall, with a confirmed daily break of structure already in place.

I’m not shorting this market.
I’m looking for pullbacks.

If price retraces into a higher-timeframe imbalance that lines up with OTE, that’s where I’ll be watching for a lower-timeframe change of character to get long.

As always with gold, the trend is your friend, but entries still need confirmation.

CHAPTERS

00:00 Intro
00:17 DXY
06:58 EURUSD
11:11 GBPUSD
15:24 AUDUSD
18:38 XAUUSD

SMC LESSONS

Internal vs external highs made simple
https://youtu.be/L4eVsamSTRw

Spot trend reversals before CHoCH
https://youtu.be/p85mvXU2sxc

SMC Market Structure: BoS vs CHoCH Made Simple
https://youtu.be/FE1bgD9N6DM

#smc #forex #priceaction
#marketstructure #fairvaluegap #dxy #eurusd #xauusd #audusd

Disclaimer: 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.

Видео Weekly SMC Outlook: DXY, EURUSD, GBPUSD, AUDUSD, XAUUSD (Jan 12-16) канала Justin Bennett