If you have considered your right as positive x axis, and your front as positive y axis, then:
1. if you walk right, you have +ve velocity in x-axis and zero velocity in y axis.
2. if you walk left, you have -ve velocity in x-axis and zero velocity in y axis.
3. if you walk forward (+ve y-axis), you have +ve velocity in y-axis and zero velocity in x axis.
4. if you walk backward, you have -ve velocity in y-axis and zero velocity in x axis.
5. if you walk diagonally right-forward, you have +ve velocities in both axes.
6. if you walk diagonally right-backward, you have +ve velocity in x-axis but
-ve velocity in y axis.
7. if you walk diagonally left-forward, you have -ve velocity in x-axis and +ve velocity in y axis.
8. if you walk diagonally left-backward, you have -ve velocities in both axes.
So, you have to consider both axes in case of 2D plane. You may have positive velocity in one axis but negative velocity in the other. The magnitude of net velocity is always positive, though I am not sure about the sign we should put against the net velocity (in vector form, of course!).
It is like you are in a helicopter which is flying to the east. If suddenly the fan on its head breaks down ( the tail fan is working), then the helicopter will plummet to the land, though it is still going eastward. You cannot say that your net velocity is +ve or -ve: it is negative in case of vertical velocity and positive in case of horizontal velocity.
Now suppose both the fans break down in the midst of a strong storm blowing in the opposite direction. In this case, you are falling down and moving westwards ( the storm is carrying you in that direction). So both your velocities are negative.
I hope my post helped you. If I am wrong, please correct me.
Mr V