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"moving downward" is correct and usable in written English.
It is typically used to describe a downward motion or trend. For example, "The stock market has been moving downward since the start of the year."
Exact(56)
He introduced a distinctive two-finger style, with the thumb moving downward and the forefinger moving upward, that contrasted with the traditional downward-moving clawhammer stroke.
Once the price of United's stock started moving downward, other robotraders spotted the trend, and acted.
Water within this interval, which is moving downward under the influence of gravity, is called vadose water, or gravitational water.
"It shows the economy is moving downward," the report said, "but is bottoming out considering changes in the major subindexes".
So the companies gambled that the kidnappers would blink first and decided not to offer one penny more until they began moving downward from $80 million.
My friend, a literary intellectual who lives for movies, suddenly took off, charging up a very long escalator that was rapidly moving downward.
While all the tycoons wanted to own the property, the highest bids began moving downward to about $1.8 billion, according to two of the bidders.
Similar(4)
As it continues to contract, it moves downward and to the left toward the main sequence.
Water naturally moves downward, and so it falls from the cloud as raindrops.
Plus, households' longer-term inflation expectations have also moved downward significantly over the past year.
New material is added at the top of the reactor pile and processed as it moves downward.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com