EUR/USD: Major low at hand

While many traders have waited for a more serious correction in the euro from its huge rally off of its 2016 12-year low, the Quant Cycle oscillator is indicating a significant bottom may have formed. 

The Quant Cycles (formerly Cycle Projection Oscillator) has performed well predicting turning points in markets over a long-term period. Currently, there is a synchronicity among numerous time frames that suggest a significant bottom has formed. 

Here is what the Quant Cycle looks like in three different timeframes: 


240-hour



Daily


Weekly



About the Author

John Rawlins is a former member of the CBOT with more than 30 years of experience in trading and research.