Likewise, when the magnet is moved “away” from the coil in the other direction, the needle of the galvanometer deflects in the opposite direction with regards to the first indicating a change in polarity. Then by moving the magnet back and forth towards the coil the needle of the galvanometer will deflect left or right, positive or negative, relative to the directional motion of the magnet.
Likewise, if the magnet is now held stationary and ONLY the coil is moved towards or away from the magnet the needle of the galvanometer will also deflect in either direction. Then the action of moving a coil or loop of wire through a magnetic field induces a voltage in the coil with the magnitude of this induced voltage being proportional to the speed or velocity of the movement.
Then we can see that the faster the movement of the magnetic field the greater will be the induced emf or voltage in the coil, so for Faraday’s law to hold true there must be “relative motion” or movement between the coil and the magnetic field and either the magnetic field, the coil or both can move.