The Macro Brief - 28 September 2026

Analysis & Learning Sep 28, 2026

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.

The Macro Brief is an excerpt from our weekly Macro Outlook newsletter. Today we are highlighting the Gold and the EURUSD.

General outlook: Gold Down (->80D trough). EURUSD Down (-> 80D trough).

Gold - still looking for the next 80 day cycle trough. Down.

Gold is still searching for the next 80 day cycle trough, but we are now in the time zone.

EURUSD - still stalking next 80 day cycle trough zone. Down.

The next 80 day cycle trough is still expected lower into month end or just beyond.

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.