Macro Outlook - 24 November 2025

Macro Outlook Nov 24, 2025

You will come across specific terms in these notes (FLD, VTL, and so on). Rather than explain them each time, you will find definitions here: guidance notes for Hurst cycles terminology.

US Dollar SmallDown (->80D peak). Gold Up (80D trough). Oil SmallDown (->80D trough). Copper Down (->20D trough). USDJPY SmallDown (->80D trough). EURUSD Down (->20D trough). SPX E-minis SmallDown (->40D trough). Nikkei SmallDown (->80D trough). Bitcoin Up (80D trough).

Christopher Grafton CMT

Chris has been involved in the markets for 20 years. He is the author of Mastering Hurst Cycle Analysis and is an experienced working technician. Chris holds the CMT qualification.

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Christopher Grafton CMT

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