To determine the direction of the induced current in a coil of wire moving through a magnetic field, one can use the right-hand rule for conventional current or the left-hand rule for electron flow. Knowing the direction of the magnetic field is crucial, as it helps in applying Lenz's law, which states that the induced current will oppose changes in magnetic flux. The process involves assessing whether the magnetic field is increasing or decreasing within the coil. By analyzing these factors, one can predict the direction of the induced current, whether clockwise or counterclockwise. Understanding these principles is essential for applications in electromagnetism and circuit design.