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EURUSD: A Computer-Generated Model Applying Harmonic Cycle Overtones (Data Sample: 1993 – 19/02/2021)
23. February 2021, by Connie Brown
Technical Analysis
A paper written for the Swiss Association of Market Technicians (samt-org.ch)
Connie Brown, MFTA, February 20, 2021
Figure 1 – EURUSD with Overlay (red) showing Two Cycle Composite with Six Harmonic Overtones
Figure 1 is the finished cycle model for EURUSD that was entirely developed through objective computer analysis. To understand the cycle will require a discussion to answer the questions:
- What is a harmonic cycle?
- What is a fundamental cycle and component overtones?
- How was this computer model created and what steps were taken?
- How were the final components selected and what are the major cycle periods for the EURUSD weekly data set?
- The last question is how to interpret the cycle in the forward forecast towards 2023?
Industry convention is to determine fixed period cycles using dominate price swing lows to mark the cycle beat. We then find the fixed period that produces a cycle rhythm best fitting cycle lows to price swing lows in a seri...
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