XAUBOT Blog

The forex market, and by extension of course all the other financial markets, are rife with confusion. One of the major sources of confusion are all the similar terms and

Perhaps you didn’t know that candlesticks, much like many other sweet and dear inventions that you are using today, originate in the country of Japan. Candlesticks have turned into one

The next candidate for analysis in our series discussing technical analysis is the Elliott Wave theory. This theory can be regarded on its own as an approach to technical analysis

Heikin Ashi is a Japanese term that literally means average pace or average speed. Some sources also mentioned that it means average bar. Whatever it means, this technique is used

Charting is a general approach to trading and also market analysis that is employed by a whole variety of traders in financial markets. According to common belief, there are three

Technical analysis, much like other concepts and notions in trading, took a very long time to develop and evolve to be the form that it currently is. Dow Theory is

As the name suggests, a divergence is a schism in the normal pattern that is expected to form in the market. Of course we are going to specifically focus on