The FitzHugh-Nagumo equation has been investigated with a wide array of different methods in the last three decades. Recently a version of the equations with an applied current was analyzed by Champneys, Kirk, Knobloch, Oldeman and Sneyd using numerical continuation methods. They obtained a complicated bifurcation diagram in parameter space featuring a C-shaped curve of homoclinic bifurcations and a U-shaped curve of Hopf bifurcations. We use techniques from multiple time-scale dynamics to understand the structures of this bifurcation diagram based on geometric singular perturbation analysis of the FitzHugh-Nagumo equation. Numerical and analytical techniques show that if the ratio of the time-scales in the FitzHugh-Nagumo equation tends to zero, then our singular limit analysis correctly represents the observed CU-structure. Geometric insight from the analysis can even be used to compute bifurcation curves which are inaccessible via continuation methods. The results of our analysis are summarized in a singular bifurcation diagram.

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