Will Peru Follow Venezuela? USDPEN to 5 If Yes

Presidential election upsets rock Ecuador and Peru

Defying expectations, voters in Ecuador's presidential election opted on Sunday for a conservative ex-banker, Guillermo Lasso, over a protege of leftist former President Rafael Correa.

On Sunday in Peru, Pedro Castillo, a far-left candidate who was eighth in the presidential polls just a few weeks ago, finished first in the unofficial results with around 19% of the vote.

USDPEN is ready to run if Peru goes socialist. Nice reversal setup in SCCO too, which looks far more robust if there's a threat of nationalization. Lots of potential losers in the mining sector.

More to the point, if I have to make a geopolitical forecast based on technical analysis, the chart of USDPEN says they're going socialist.